Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024.David A. GroganWarren Buffett's Berkshire Hathaway has scooped up more shares of Occidental Petroleum over each of the past nine trading sessions, driving his gigantic stake in the Houston-based oil and...
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Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBanking regulators on Friday disclosed that they found weaknesses in the...
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
General view of the Bank of England building in London.Sopa Images | Lightrocket | Getty ImagesLONDON โ The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target.Money market pricing lifted...
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration
IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation...
The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows
The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research.Buena Vista Images | Stone | Getty ImagesThe United Arab Emirates is set to be the world's leading wealth magnet for the third year in a row.That's...