Nothing changed
Buffet selling his bank stocks is why the stocks dropped. There wasnt enough buying volume to support his sell. Thats what any stock will do even when you space the selling out over 3 months to create an average sell price. He bought in March 2020 when prices were almost as cheap.
The banking sector is wanting to remove its dependence on cash reserves and move into bonds and securities. The Repo will be what banks use when cash funding is required.
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