Warren Buffett says American banks could face more turbulence ahead, but deposits are safe

Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here.Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched...

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Warren Buffett says Berkshire Hathaway won’t take full control of Occidental Petroleum

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn't plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%."There's speculation about us buying control, we're not going to buy...

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Warren Buffett says letting Silicon Valley Bank customers go under would’ve been ‘catastrophic’

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn't lose money in the firm's collapse.The sudden downfall of SVB in March forced the Federal Deposit Insurance Corp. to seize the...

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What to expect from Buffett and Munger

Warren Buffett is set to kick off Berkshire Hathaway 's annual shareholder meeting Saturday before tens of thousands of adoring shareholders. Here's your complete guide to the highly anticipated event. Berkshire's annual "Woodstock for Capitalists" will be held in Omaha, Nebraska, the second straight in-person gathering after two virtual...

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Charlie Munger says the U.S. commercial property market is in trouble: FT report

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger believes there is trouble ahead for the U.S. commercial property market.The 99-year-old investor told the Financial Times that U.S. banks are packed with "bad loans" that will be vulnerable...

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