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Wall Street News

Buffett Buys Big Banks, Russia Offers to Buy Barclays Stake, Credit Suisse Posts Annual Profit ! ... ... And Other Headlines and Headliners

February 15, 2019

PEOPLE & COMPANIES:

 

  • Amazon Will Not Build HQs in New York headquarters Citing Mounting Opposition [CNBC]
  • Credit Suisse Records First Annual Profit Since 2014 [CNBC]

                   Credit Suisse Trading Losses Overshadow End of Thiam Turnaround [ Bloomberg]

  • Gabelli's Co-CIO, Chris Marangi, Sees Start of Wave of Consolidation in Financials [Bloomberg Video]
  • Warren Buffett Doubles Down on Big Banks (JPM, BofA), Regional Banks (PNC, USBancorp) as Berkshire Trims Apple Stake [Bloomberg]
  • As Barclays Tried to Avoid Bailout, Russia Offered to Buy Stake [Bloomberg]
  • The Best-Paid Hedge Fund Managers Made $7.7 Billion in 2018 [Bloomberg]
  • JPM Coin is not a cryptocurrency, says crypto advocacy group [MarketWatch]

               ►     JPMorgan Rolling Out 1st U.S. Bank-Backed Cryptocurrency to Transform Payments Business [CNBC]

               ►     JPMorgan to Use Cryptocurrency for Corporate-Payments Business [Bloomberg]