News Topic: Warren Buffett
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Thiel blasts Dimon, Buffett and Fink as ‘finance gerontocracy’ at Bitcoin 2022
Warren Buffett’s top stock last year was the bank he’s been bailing on
Buffett-backed Nubank is said to plan $2 billion Nasdaq IPO
Berkshire Hathaway sells another piece of its Wells Fargo stake
Warren Buffett's company has been pulling back from the scandal-ridden bank as it prepares to unveil strategic changes. ... Read full article
Buffett inches toward Wells Fargo exit as Scharf sets course
Warren Buffett isn't known to ask much of companies in which he buys stock. Then last year, as Wells Fargo's top investor, he publicly advised the board not to hire a leader from Wall Street — and it did. What ensued shows what can happen when a ... Read full article
Warren Buffett seeks Fed leeway to boost stake in BofA past 10%
Warren Buffett's Berkshire Hathaway is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America to more than 10%, a level that often triggers a regulatory review. ... Read full article
Berkshire Hathaway's BofA stake climbs above 10% amid bank's buybacks
The conglomerate run by Warren Buffett has tried in the past to keep its holdings below the 10% threshold in order to avoid heightened regulatory scrutiny. ... Read full article
Buffett offers Wells CEO advice; Leveraged loans again sparking fear
The bank’s biggest shareholder says Wall Street shouldn't yield its next CEO; concern that mistakes that led to the financial crisis are being repeated. ... Read full article
Bank of America ditching Merrill Lynch, U.S. Trust brands
BofA is rolling out new names for its investment banking, wealth management and private banking divisions. ... Read full article
Buffett raises bets on big banks, adds stakes in JPMorgan, PNC
Berkshire Hathaway plowed $13 billion into bank stocks in the third quarter that included new investments in JPMorgan and PNC and additional investments in Bank of America and Goldman Sachs. ... Read full article
Evelyn Davis, thorn in side of banks and other firms, dies at 89
The activist investor butted heads with Warren Buffett and Henry Paulson, but had nothing but praise for Jamie Dimon. ... Read full article
Dimon, Buffett urge CEOs to end quarterly earnings forecasts
Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance. ... Read full article
Manufactured housing giant endorses HUD's call for regulatory relief
The dominant player in manufactured housing lauded the Trump administration's review of construction standards, but other commenters worry the plan will undermine housing quality. ... Read full article
CFPB deputy foiled again; Big changes to CRA
Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor. ... Read full article
Berkshire loves Synchrony; What’s behind the bitcoin surge?
Warren Buffett’s firm buys big stake in retail credit card issuer while dumping shares in its former parent, GE; long-awaited update speeds transactions in the digital currency network. ... Read full article
In banking and basketball, it pays to be contrarian
The world is divided into those who pursue popular decisions that are more likely to fail and those who go against the crowd and end up having the last laugh. ... Read full article
Banks ace first round of stress tests; Cards a danger zone
All 34 big banks demonstrate they could survive a severe recession; credit cards emerge as the biggest vulnerability, with a projected $100 billion in losses. ... Read full article
Buffett follows Goldman, B of A model in bailout for Home Capital
The billionaire investor agreed to buy shares at a deep discount and provide a fresh credit line for the Canadian mortgage company, tapping a formula he used to prop up lenders from Goldman Sachs to Bank of America. ... Read full article
Bank lending slips; U.S. bank jobs moving out
Lending by U.S. banks continued to fall in February after dropping the previous two months despite Trump euphoria; American banks are shifting jobs to Asian countries. ... Read full article
