Berkshire Hathaway Seeks Fed OK to Potentially Boost Bank of America Stake -Bloomberg

Date : 10/15/2019 @ 5:57PM
Source : Dow Jones News
Stock : Bank of America Corporation (BAC)
Quote : 34.36  0.0 (0.00%) @ 2:08PM
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Last $ 34.20 ▼ -0.16 (-0.47%)

Berkshire Hathaway Seeks Fed OK to Potentially Boost Bank of America Stake -Bloomberg

Bank of America (NYSE:BAC)
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--Berkshire Hathaway Inc. (BRKA, BRKB) filed an application with the Federal Reserve to possibly increase its Bank of America Corp. (BAC) stake above 10%, Bloomberg reported Tuesday.

--Berkshire "may decide to purchase additional shares" based on its "evaluation of the investment opportunity presented by such purchases," Bloomberg reported.

 

Full story: https://www.bloomberg.com/news/articles/2019-10-15/warren-buffett-seeks-fed-leeway-to-boost-stake-in-bofa-past-10?srnd=economics-vp

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 15, 2019 13:42 ET (17:42 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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