Billionaire investor Warren Buffett predicts more U.S. banks will fail, yet he’s so confident that not a single American depositor will lose any money in a bank collapse thanks to federal deposit insurance that he’s willing to bet $1 million on that outcome.
“We’re not through with bank failures,” Buffett said in an interview on CNBC’s “Squawk Box” on Wednesday when asked about his thoughts on the banking sector crisis that was precipitated by the recent collapse of Silicon Valley Bank (SVB).
