Kevin Wack

Berkshire Hathaway's banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.

Key insight: The future of Berkshire Hathaway's banking-related investment strategy is murky.

Berkshire Hathaway's banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.

Key insight: Farmers and Mechanics Federal Savings Bank, which has $116 million of assets, must develop a plan identifying when it expects to become profitable.

Key insight: In places where sports betting gets legalized, consumer delinquency rates rise in comparison with geographies where sports wagering remains inaccessible, according to research from the New York Fed.

Key insight: Colony Bankcorp in Georgia is planning to expand into neighboring South Carolina by acquiring the $1.1 billion-asset First Reliance Bancshares.

Key insight: Major changes in the federal student-loan program, authored by congressional Republicans and the Trump administration, offer both opportunity and peril for banks.

Key insight: Higher numbers of bankruptcy filings may be an indicator that small businesses are feeling increasing stress amid relatively high interest rates and inflation.

This article is adapted from a eulogy the author gave for his father, Tom Wack, who died on June 2, 2026, at age 81. When my dad was six weeks old, the St. Louis Cardinals beat the St. Louis Browns in the deciding game of the 1944 World Series. Stan Musial played right field and […]