Warren Buffett Calls for Punishment of US Banking Bosses Amid Crisis.

Warren Buffett has said that executives who led the US banking system into crisis should face “punishment” as the American economy grapples with the worst series of bank failures since the 2008 financial crash. Buffett criticised how politicians, regulators, and the press had handled the recent failures of Silicon Valley Bank, Signature Bank, and First Republic Bank, saying their “very poor” messaging has unnecessarily frightened depositors. He also expressed caution about holding bank stocks and had recently reduced his exposure to the sector – with the exception of Bank of America, which he liked.