Hints and tips:
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Nubank began life as a zero-fee credit card managed by a mobile app and through rapid growth has expanded into a full-service banking offering, with everything from current accounts to investments and insurance...
...largest wealth manager outside North America....
...The arcane realm of US insurance has given the Premier League something to consider as it deliberates whether to approve the Everton takeover. 777’s bid comes as the UK government is watching football very...
...Likewise, America’s oldest chief executive, Berkshire Hathaway’s Warren Buffett, 92, has yet to announce his departure....
...Berkshire Hathaway’s cash pile surged to a record $157bn in a quarter in which chief executive Warren Buffett continued to sell stakes in publicly traded companies, as the so-called Oracle of Omaha found...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Other stuff I liked this week Here’s a great BBC podcast on an incredibly strange suburban life coaching company called Lighthouse that required followers to hand over thousands of pounds and sit on long...
...“Of course it is emotional. Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...For Buffett, Munger’s most important architectural feat is the design of today’s Berkshire, the industrials-to-insurance behemoth....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Insurance group AIG, internet real estate technology group Zillow, digital communications company Cisco, ecommerce platform Shopify, and software maker Synopsys will report earnings after the market closes...
...His anointed successor Greg Abel, who is Berkshire’s vice-chair and runs the company’s vast collection of businesses outside insurance, was able to wander across the convention floor without being recognised...
...Berkshire remains a top shareholder of Bank of America, American Express and US Bancorp....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...He was previously CFO of rival Reliance Nippon Life Insurance. Goldman Sachs’ global co-head of industrials investment banking Clare Scherrer is leaving, per Bloomberg....
...Some of it is 0.01 percenters such as Ivanka Trump or Tom Brady who hardly care what price — if any — they might get for their homes in 2040. But the biggest boom is inland....
...of office life in the Swamp Notes newsletter....
...Thanks for reading FirstFT Americas....
...It provides a sort of insurance.”...
...The company has branched out into other products such as life insurance and mobile payment products. Macro conditions are in Nubank’s favour — for now....
...Bank of America....
...Greenoaks has raised about $1bn this year for a Berkshire Hathaway-style holding company in Guernsey that invests in large private internet companies....
...“Athene has replaced Berkshire Hathaway as the buyer of last resort of insurance assets,” says one of its former executives....
..., the Berkshire vice-chair who runs its valuable insurance operations....
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