How Buffett did it
It’s more than great stock picks and insurance premiums
Financial Times
Billionaire duo launches $15bn joint venture for AI-driven deals
Pair are combining $40bn in personal investments and look to raise billions from outside investors
The world’s greatest investor calls it a career
Plus, are private equity’s best days behind it? And 3G’s Skechers bet
Credit Suisse to pay $511mn over helping Americans hide more than $4bn
Swiss bank admits it violated previous deal with the US justice department
PwC to slash 1,500 US jobs
Move comes as Big Four accounting firm struggles with low staff turnover
Berkshire shares slip as Warren Buffett prepares to step aside as CEO
Conglomerate votes in favour of vice-chair Greg Abel’s promotion to top job next year
Ackman completes quest to launch Berkshire Hathaway lookalike
Financier assumes effective control of Howard Hughes and will shift its strategy to hunt for acquisitions
Blackstone offers €200mn return guarantee to fund UK railway arch deal
Promise is similar to a controversial enticement to University of California to halt a flood of redemptions
Santander raises €7bn from Poland sale
Deal with Vienna-based Erste Group cuts exposure to country with few connections to Spanish bank’s biggest markets
European bank traders deliver best results in more than a decade
UBS, BNP Paribas, SocGen, Barclays and Deutsche Bank reported €13bn in combined first-quarter trading revenues
Pages
