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...Capital One’s stock has since recovered, boosted in part by Warren Buffett’s Berkshire Hathaway taking an almost $1bn stake....
...Fairbank’s Capital One, a major credit card issuing bank, believes it can boost Discover’s credibility with merchants and create a cheaper experience across the payments value chain....
...June 20 to September 8; further information and tickets here ‘Naomi’, V&A South Kensington An ode to the life and work of supermodel Naomi Campbell....
...He added when customer deposits were sent to FTX some of those funds would wind up in Alameda’s bank account....
...“[Warren] Buffett says it’s only when the tide goes out that you discover who has been swimming naked,” he said....
...My colleagues Dan McCrum and John Reed unpicked the paper trail to discover that two of Adani Group’s biggest “public” investors are associates of Vinod Adani, brother of the conglomerate’s founder Gautam...
...I almost always discover exciting local artists and makers here, such as pottery from Very Less, whose berry bowl is now on my wishlist....
...Lex wonders whether central banks are right to relent in their quest to quell inflationary pressures just in case more banks follow the collapse of Silicon Valley Bank....
...As Warren Buffett once said, “only when the tide goes out do you discover who’s been swimming naked.” In 2022, it turned out that active bond and real estate funds were caught skinny-dipping....
...Its laid-back culture wasn’t the only thing separating the tech-focused bank from larger rivals such as Goldman, as regulators, investors, and journalists including team DD would discover after it collapsed...
...Even Warren Buffett, the consummate value investor, has bought shares in Apple and some other tech stocks....
...Thank you all for your emails and thoughts, and as ever, you can reach out to me at sid.v@ft.com. Happy reading, a merry Christmas and a happy new year!...
...One is Warren Buffett....
...Ettore Gotti Tedeschi, the previous bank chief who was under investigation by Italian police in a money-laundering inquiry, was sacked after the bank’s board denounced him in May 2012 for dereliction of...
...She was bank holidays and Christmas and those times which are quite fun to be around....
...She is openly jealous of London’s V&A museum, to which the Bowie archive was donated in February. “I knew very young, as a teenager, that I was going to work in art, but I was quite a movie buff . . ....
...criticism from Republicans including former president Donald Trump and Florida senator Marco Rubio as well as Democrats such as Senate majority leader Chuck Schumer and Massachusetts senator Elizabeth Warren...
...As Warren Buffett says: “Only when the tide goes out do you discover who is swimming naked.” Rupak Ghose Chief Operating Officer, Galytix, London SW5, UK...
...As always you can reach me at sid.v@ft.com. Thanks for reading....
...Warren Buffett once famously said that it’s only when the tide goes out that you discover who has been swimming naked. The tide is beginning to go out....
...Discover the crazy world of “carchitecture”....
...“Education finance firms such as Navient, Sallie Mae and Discover Financial will almost certainly face heightened supervisory scrutiny and greater enforcement risk,” said Isaac Boltansky of Compass Point...
...Discover how short courses help companies get back on track after Covid....
...It is a bit alarming to discover that Warren Buffett has been making the same trades as everyone else. Mr Buffett built his reputation on the financial equivalent of running into burning buildings....
...Almost two-thirds of Russians are unwilling to receive the Sputnik V vaccine and about the same number believe Covid-19 was created as a biological weapon, a pollster said on Monday....
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