Text size Berkshire Hathaway’s Greg Abel in 2022. Dan Brouillette/Bloomberg Berkshire Hathaway Executive Greg Abel, CEO Warren Buffett’s heir apparent, bought $24.6 million worth of Berkshire stock on Friday, bringing the total value of his stake in the company to around $105 million, according to a filing. regulation on Tuesday. Abel, who heads Berkshire’s non-insurance…
Dow Inc. shares rallied on Monday after Deutsche Bank analyst David Begleiter said it was time to buy, citing valuation and belief that the worst for the chemical company’s fundamentals is in the past. A relatively high dividend yield, which is almost triple the yield of the S&P 500, means that even if it takes…
Text size Shares of Credit Suisse plunged on Monday after the Swiss bank was taken over by arch-rival UBS. Fabrice Coffrini/AFP via Getty Images Equity futures fell on Monday after UBS’s deal to acquire Credit Suisse and central bank moves to improve dollar liquidity failed to bolster investor confidence in the system. global banking. These…
Judging by the stock futures, you wouldn’t guess we’re fresh off a wild weekend that brought together two of Switzerland’s biggest banks, one in deep trouble. A flat to slightly lower start is ahead for Wall Street, but oil prices are under pressure and gold is up sharply. In terms of recent events on US…
U.S. stock index futures opened with modest gains on Sunday evening as investors priced a historic deal to rescue struggling Swiss lender Credit Suisse, the latest move by authorities trying to stave off a deeper loss of confidence in the global banking system. Swiss bank UBS UBS Group, -5.50% agreed to buy its rival Credit…
Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., agreed on Sunday to take over most of Signature Bank’s deposits and some of its loans. New York-based Signature Bank was shut down by regulators last week, following the bankruptcies of Silicon Valley Bank and Silvergate Bank. In a statement released Sunday, the Federal Deposit…
Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., agreed on Sunday to take over most of Signature Bank’s deposits and some of its loans. New York-based Signature Bank was shut down by regulators last week, following the bankruptcies of Silicon Valley Bank and Silvergate Bank. In a statement released Sunday, the Federal Deposit…
Struggling Swiss banking giant Credit Suisse has agreed to be taken over by arch-rival UBS at a discount to Friday’s closing price after seeing a wave of customer deposits leave the bank. The agreement was announced by the Swiss President, Alain Berset, accompanied by leaders of the two banks and the President of the Swiss…
Struggling Swiss banking giant Credit Suisse has reportedly agreed to be taken over by arch-rival UBS at a discount to Friday’s closing price after seeing a wave of customer deposits leave the bank. UBSUBS, -5.50% will acquire Credit Suisse CS, -6.94% for more than $2 billion in an all-stock deal, the Financial Times reported, citing…
Credit Suisse, UBS and their main regulators are working on an agreement on the merger of the two largest Swiss banks, the Financial Times reported on Saturday. The deal could close on Sunday, The Wall Street Journal reported Saturday. Regulators have offered to waive the usual shareholder voting requirement to speed up the sale, one…
