Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Fede...
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan
- Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday.Berkshire, which has a 9.
Berkshire’s biggest stock market commitment remains in financial services — it is the largest shareholder in American Express Co, Bank of America Corp and Wells Fargo and has a significant stake in JPMorgan Chase & Co.a similar application to boost its stake in Wells Fargo after the bank was beset by a scandal over its creation of unauthorized customer accounts.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of 'thumb-sucking'David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.
Read more »
Warren Buffett reportedly wants the Fed's permission to boost Berkshire's stake in Bank of America beyond 10%Berkshire's position in BofA stock is its second largest equity holding after Apple, and was worth more than $27 billion as of Monday's closing price.
Read more »
Longtime Berkshire Hathaway Investor Loses Faith in Warren BuffettWedgewood Partners’ David Rolfe sold out of the stock in the second quarter, citing investment mistakes by Buffett over the past decade, meager stock repurchases, and the drag of a cash hoard.
Read more »
Trade war rejuvenates 'Silicon Valley' firms in MalaysiaYears after resisting pressure to move to China, Lee Hung Lung says his bet has ...
Read more »
Bullard calls for insurance rate cuts but says Fed to evaluate policy meeting by meetingSt. Louis Fed President James Bullard, one of the most dovish members at the Fed, made the case for further rate cuts to protect against downside risks but...
Read more »