Markets

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Warren Buffett invested $US5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash cushion to the struggling lender. The famed investor and Berkshire Hathaway CEO had the idea to invest while taking a bath, and was initially blocked by a call-centre worker before […]
Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.
News

‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework for environmental, social, and governance standards (ESGs), The Financial Times’ Gillian Tett reports. “The time is now for companies to broaden their engagement with stakeholders,” Carmine Di Sibio, EY global chairman and CEO, told Business Insider via […]
‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards
Markets

Bank of America just told investors that its stock is cheap

Bank of America has announced plans to buy back an additional $US5 billion of its own stock, just five months after announcing a $US12 billion repurchase. This latest buyback activity signals to investors that the firm sees its stock as attractively priced, and the action itself should be accretive to […]
Bank of America just told investors that its stock is cheap
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