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.
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