Warren Buffett Said There Would Be Other Bank Failures. Is Western Alliance Safe?

SVB Financial failed on March 10, 2023, and two days later, New York state regulators shut down Signature Bank. In early April, Berkshire Hathaway Chief Executive Officer Warren Buffett appeared on CNBC, telling viewers, "We're not over bank failures," while reassuring depositors their money is safe thanks to the Federal Deposit Insurance Corporation (FDIC). Considering other banks have failed since Buffett made that statement, many investors have avoided investing in banks and are waiting for the next shoe to drop.