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The beleaguered Swiss lenders tumbled on Wednesday, adding to concerns about the banking sector.

After a $22.8 billion loss, Warren Buffett called the figure “100 percent misleading” and urged shareholders to focus on his empire’s overall health.

The struggling Swiss bank recorded its biggest annual loss since the 2008 financial crisis and warned of another “substantial” loss in 2023.

The family’s investment vehicle said it would offer to buy out other shareholders in Rothschild & Co., the flagship company in the global banking dynasty.

Twitter’s owner has now sold $23 billion worth of Tesla stock this year, much of it after he pledged in April to stop selling shares...

The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.

The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.

The president warned Saudi Arabia that it would face “consequences” over oil cuts. Many Americans still plan to attend its investor conference this month.

Volkswagen spun off the German carmaker on the Frankfurt Stock Exchange, where its stock began trading higher despite a broader decline in European markets.

The new economic policies are meant to hark back to Thatcher-era policies, but they come at a fraught time for Britain’s public finances.