Warren Buffett says fears of bank runs and a US debt default are dangerous - and people need to be told their deposits are safe

• Warren Buffett says Americans' worries about bank deposits and the debt ceiling are dangerous.
• It would have been "catastrophic" if the government didn't make SVB's depositors whole, he said.
• Failure to do so would have sparked bank runs and caused global disruptions, Buffett said.

Warren Buffett cautioned that people's fears about the safety of their bank deposits and the possibility of a debt default are hugely dangerous.