Wealth

Warren Buffett is donating more than $1.3 billion of Berkshire Hathaway Inc. shares to four family foundations, disclosing in a letter that he intends to “step up the pace” of his donations while he’s still alive.

A former Goldman Sachs Group Inc. proprietary trader’s private club for investment firms of the super-rich has shaken up its leadership as the invite-only group continues to expand worldwide.

A bigger wage packet does not necessarily translate into a higher standard of living.

About a month ago, BlackRock Inc. deemed the private debt it had extended to Renovo Home Partners, a struggling home improvement company, to be worth 100 cents on the dollar. As of last week, the firm had a new assessment: zero.

Australia’s pension giants are adding currency risk as their offshore assets surpass half of all investments, with desire for diversification outweighing fears the US dollar’s haven appeal is waning.

On Merryn Talks Money, Albert Edwards warns corporate earnings may look robust, but they may prove just as fragile once borrowing costs bite.

On Merryn Talks Money, Albert Edwards, Société Générale global strategist, warns corporate earnings may look robust, but they may prove just as fragile once borrowing costs bite.

With a limited pool of seasoned private bankers to tap India’s booming wealth, one upstart is bucking the trend by planning to hire dozens of new graduates.