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Wall Street’s new disaster playbook; top restructuring lawyers

Wall Street Insider is a behind-the-scenes look at the stories dominating banking, business, and big deals.
Warren Buffett

Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

The famed investor made the disposals after taking a $5 billion hit on airline stocks in the first quarter.

‘Big price to pay!’: Trump blasts 3M after ordering the N95 mask maker to boost US production

"We hit 3M hard today after seeing what they were doing with their Masks."
Citi's North American markets division started to test-drive WFH capabilities for traders the first week of March, sources familiar with the preparations told Business Insider.

From Bloomberg terminals to Zoom, traders at Wall Street’s biggest firms are building massive work-from-home setups to get an edge. We spoke to ...

Banks like Citi, Goldman, and JPMorgan have moved traders to remote work. Sources say technical challenges include replicating turret phones at home.
People walk wearing masks outside The Federal Reserve Bank of New York in New York

Coronavirus is clobbering the real estate industry. From a frenzy of flex-office layoffs to iBuyers pressing pause, here’s everything you need t...

Flex-office and hospitality startups are cutting jobs, while some industry giants are predicting the coronavirus will create a new era of remote work.

Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets

Ackman's Pershing Square hedge fund bounced back from losses in January and February.

‘Another cataclysmic week’: Stocks climb as signs of relief in oil markets outweigh fears of record US jobless claims

Hopes for stronger crude demand and the end of the Russia-Saudi Arabia price war beat out concerns about another 3 million unemployed Americans.

Warren Buffett’s Berkshire Hathaway took a $5 billion hit on its airline stocks last quarter

Shares in American, Delta, United, and Southwest plunged by an average of 52% as coronavirus hammered demand.

George Soros’ cofounder warns coronavirus will cause the ‘worst bear market in my lifetime’

"I am looking at life, and life is not such that we are all going to take the bus and take boats again."