Warren Buffett Warns He’s Watching Stability of Banking System

Warren Buffett cautioned that he’s seeing signs of fragility emerging in the banking system as it has become more connected to non-bank players.

The legendary investor said the stability of the financial system should be a high priority for the Federal Reserve, noting banks like JPMorgan Chase & Co. are key cogs in the economy, shepherding trillions of dollars every day.

“They all affect each other, and the troubles from one can spread over to another,” Buffett, the chairman of Berkshire Hathaway Inc., said in an interview with CNBC on Tuesday.

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