Bayer CEO Bill Anderson Faces Pressure to Improve Financial Performance

Bayer CEO Bill Anderson Faces Pressure to Improve Financial Performance

Bill Anderson The new Bayer boss is under pressure to deliver significantly better numbers again in 2024. (Photo: Reuters) Düsseldorf The first fiscal year of the new Bayer boss Bill Anderson will be an unusually bad one for the pharmaceutical company: the net debt will rise again significantly to 36 billion euros by the end … Read more

Rising Bankruptcies: Companies Struggle to Survive Insolvency Proceedings

Rising Bankruptcies: Companies Struggle to Survive Insolvency Proceedings

Reno, Staples, Windeln.de After filing for bankruptcy, more and more companies are threatened with the final end. (Photo: dpa (2), Imago) Düsseldorf More and more companies have to finally shut down operations in insolvency proceedings. Of the 227 large companies that became insolvent in 2022 and filed for bankruptcy, only 42.9 percent could be saved … Read more

Warren Buffett, prominent investor, steps in amidst SVB bankruptcy causing banking crisis.

Warren Buffett, prominent investor, steps in amidst SVB bankruptcy causing banking crisis.

Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more

Credit Suisse’s future remains uncertain amidst ailing conditions.

Credit Suisse’s future remains uncertain amidst ailing conditions.

ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more