Fed Was the ‘Culprit’ on SVB, Signature Bankruptcies, Wood Says

Reuters

Berkshire Hathaway to beef up risk disclosures following SEC request

Berkshire Hathaway Inc agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a better job. In correspondence made public on Tuesday, the SEC’s division of corporate finance asked Berkshire to “enhance” its risk management disclosures in its annual proxy filings, and Berkshire agreed to make the requested changes. Despite Buffett’s legendary status as an investor and manager, some analysts have long urged the billionaire’s Omaha, Nebraska-based company, whose market value is about $670 billion, to disclose more about itself.

Source: finance.yahoo.com