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2024-10-09 | Current Affairs

Berkshire Hathaway Gains USD10 Billion from BofA Share Sales

Berkshire Hathaway, led by Warren Buffett, has sold off a significant portion of its stake in Bank of America (BofA), generating over USD 10 billion since it began selling shares in July, according to a filing released on Monday.

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2024-09-06 | Current Affairs

Russian Court Freezes Raiffeisen Bank Shares, Halting Sale Plans

Russian court has frozen the shares of Raiffeisen Bank International’s (RBI) local subsidiary, blocking the sale of the bank’s Russian unit and intensifying tensions between Moscow and the West.  

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2024-06-06 | Current Affairs

Swiss Finance Minister Flags Risks in Winding up Global Banks

Swiss Finance Minister Karin Keller-Sutter has raised concerns about the legal complexities involved in winding up global banks

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2024-05-14 | Current Affairs

Prosecutors Claim Bill Hwang’s Archegos Was Built on Lies

Today’s News  Manhattan Federal Court Opens Trial on Alleged Market Manipulation by Archegos Founder Bill Hwang.  Sung Kook “Bill” Hwang’s trial began in Manhattan federal court, where he stands accused of deceiving Wall Street banks to obtain billions in funding, allegedly inflating stock prices.   According to Assistant U.S. Attorney Alexandra Rothman, Hwang’s ambition to […]