FT News Briefing Monday, April 8
Apr 8, 2019
Warren Buffett urges Wells Fargo to seek new leadership beyond Wall Street. Saudi Aramco is set to raise nearly $30 billion through an international bond sale. Meanwhile, Kirstjen Nielsen resigns as U.S. Secretary of Homeland Security. The discussion also dives into the intricate political landscape of Brexit, exploring the challenges party leaders face as they prepare for an urgent EU summit. Additionally, there are insights on potential extensions to Article 50 and the formation of anti-migration coalitions ahead of the European Parliament elections.
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Wells Fargo CEO Advice
- Warren Buffett advises Wells Fargo to seek its next CEO outside Wall Street.
- He believes this will improve the bank's image with politicians after the fake account scandal.
Aramco Bond Success
- Saudi Aramco's bond sale attracted substantial investor interest, exceeding expectations.
- This indicates investor confidence despite the controversy surrounding Jamal Khashoggi's killing.
Nielsen Resignation
- Kirstjen Nielsen resigned as Homeland Security Secretary amidst controversy over family separations at the border.
- Nielsen claimed there was no such policy, despite evidence of thousands of children separated from parents.