Warren Buffett

Four years after Lehman Brothers suffered the largest bankruptcy in US history, a former vice president at the investment bank has warned the financial system is on a ‘collision course' for another 2008-style event.

Amancio Ortega, the 76-year-old Spanish founder of retailer Inditex which owns clothing brand Zara, has bumped Warren Buffett off his perch as the world's third richest man.

Warren Buffet's conglomerate Berkshire Hathaway reported a fall in profits for Q2 2012, as derivatives losses weighed on the results.

Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.

This year's charity auction for lunch with Warren Buffett closed last week with a winning bid of $3.46m.

Investment veteran Warren Buffett has said the chances of the US slipping back into recession are very low, despite fears over the fiscal cliff facing the country at the end of the year.

Investors in Warren Buffett's firm Berkshire Hathaway may have been left disappointed with returns over the past three years as the company has underperformed the S&P 500 by more than 25%.

Billionaire investor Warren Buffett has been diagnosed with prostate cancer.

CONTRARIAN

State filings from Berkshire Hathaway have revealed the salaries of some of Berkshire Hathaway's senior staff in 2011.