Buffett admits being ‘too dumb’ not to have bought Amazon
The failure to buy internet giant Google was among the Berkshire Hathaway’s worst mistakes, admitted the investment firm’s founder and chairman Warren Buffett. Speaking at Berkshire’s annual shareholder meeting over the weekend, he also conceded that he was “too dumb”, not to have invested in on online shopping business Amazon. (Times)

Goldman benefits the most from Fed relaxation of Volker rule
The Federal Reserve has granted top US banks, including Goldman Sachs more time to dispose of illiquid investments in risky assets, including hedge funds and private equity vehicles, the ownership of which are capped by the Volker rule. (FT)