Warren Buffett has a long history of stepping in to aid banks in crisis .Warren Buffett also tossed a $5 billion lifeline to Goldman Sachs Group Inc in the 2008 financial crisis
It isn’t immediately clear what role, if any, the billionaire investor may play to contain the US banking crisis after the failures of Silicon Valley Bank, Signature Bank and Silvergate Capital this month.
India was relatively insulated in 2008 but it did not escape the global fallout that followed. Any big crisis in the west is bound to reach India via a general decline in growth impulses.
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.