Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

Warren Buffett speaks out against creating family wealth dynasties, gives away another .1 billion

Warren Buffett David A. Grogan | CNBC Warren Buffett, who has amassed a $150 billion personal fortune, made a strong case against creating “dynastic” wealth as he named three independent trustees to oversee his philanthropy following his children and donated another $1.1 billion in Berkshire Hathaway stock to four family foundations. Instead of leaving his three children an … Read more

Credit Agricole, Standard Charted and more could follow UniCredit’s deal-making spree, JPMorgan says

Credit Agricole, Standard Charted and more could follow UniCredit’s deal-making spree, JPMorgan says

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion). Now, Kian Abouhossein, head of European bank equity research suggests that other European banks could also begin deal making. Source link

What Trump’s Treasury pick could mean for markets

What Trump’s Treasury pick could mean for markets

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty Images Financial markets on Monday welcomed President-elect Donald Trump‘s pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting … Read more