Warren Buffett said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank.
said that while more banks "will go bust," the industry's recent problems do not resemble those that helped trigger the 2008 global financial crisis.
"You don't need to turn a dumb decision by managers into panicking the whole citizenry of the United States about something they don't need to be panicked about," he added.
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