Brian Baker
Correspondent
Brian reports on mergers & acquisitions for MLex’s Washington, DC bureau. He holds a master’s degree from Northwestern University’s Medill School of Journalism and is a CFA charterholder.
Selected Insights by Brian
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Regulators world-wide should consider subjecting asset managers to stress tests, a top Bank of Italy official said, adding to the chorus of bank authorities flagging nonbank risks.
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Daniel Tarullo, the former US Federal Reserve governor most responsible for crafting post-financial crisis Washington policies, said a cyberattack on a bank could set off widespread panic by eradicating ownership records held by the institution.
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Berkshire Hathaway Chief Executive Warren Buffett said the conglomerate will likely increase its stake in Wells Fargo and other banks if the US Federal Reserve finalizes a proposal to ease a current restriction on bank investors.
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The proposed merger of Fidelity National Information Services and Worldpay will further consolidate debit processing, a key function in the payment ecosystem.
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Activist investor Jana Partners reduced its stake in Jack in the Box by almost half, according to a securities filing today.