Fed Tells Big Banks To Not Acquire, Deutsche Bank’s Frankfurt HQ Searched: Financial Business Review

The fifth largest bank in the United States by deposits, Capital One Financial Corporation (NYSE:COF), has been advised by the Federal Reserve to not pursue more large near-term deals subsequent to its $9 billion purchase of ING Groep NV’s domestic online banking business, say inside sources. The Fed is currently telling the big banks to drop all but the smallest purchases while  a debate regarding the risk large lenders pose to the financial system rages on.

In a Wednesday release, Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) says that it has bought 9,200 of its Class A shares at $131,000 per share from the estate of a long-time shareholder. The board authorized this purchase while elevating the price limit for repurchases to 120 percent of book value. Accordingly, Berkshire may buy additional shares in the market or via direct offerings at no more than that amount.

Are you worried about the Fiscal Cliff? Click here to get our Gold & Silver Premium Newsletter OVER 50% OFF now!

NorthStar Realty Finance Corp. (NYSE:NRF) said Wednesday that it has priced an underwritten public offering of 25 million shares of common stock at a public offering price of $6.40 per share. Underwriters were allowed a 30-day option to buy as many as 3.75 million additional shares of common stock and the offering should close on December 17th. NorthStar will use the net proceeds to make investments relating to its business, to buy back or pay its liabilities and for general corporate purposes.

Deutsche Bank’s (NYSE:DB) Frankfurt headquarters were searched by prosecutors investigating an alleged tax evasion plan that involved the trading of carbon permits, according to the firm on Wednesday. The bank suspended a number of employees in October following criticism by a judge in 2011 during a trial into tax evasion on carbon permits, according to financial source.

Don’t Miss: Will Bernanke Get it Right This Time?