Mexican Lender Is Battered by Missing Money, Hidden Losses

Real CREAL Credit -10.15% built a booming business lending at high interest rates to Mexican teachers and other government workers. The loans were paid back through payroll deduction, reducing the risk of nonpayment. Now it is planning to file for bankruptcy in Mexico after it has faced growing skepticism over how it has been reporting … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more