Biden administration faces criticism over banking crisis and failures.

Warren Buffett has been in talks with senior officials in the Biden administration regarding the regional banking crisis, potentially investing in the US regional banking sector. This comes as several regional banks' stocks have plummeted, and a group representing midsize US banks has sent a letter to the FDIC asking the agency to ensure all bank deposits for the next two years. Buffett has been a savior to the banking sector in the past, investing in Bank of America and Goldman Sachs during the financial crisis.