Buffett’s Berkshire seeks Fed leeway to boost BofA bet – Fed

By Pete Schroeder and Bharath ManjeshR (Reuters) - 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, according to an application document provided by the Fed on Tuesday. Bloomberg first reported the application on Tuesday.

The post Buffett’s Berkshire seeks Fed leeway to boost BofA bet – Fed appeared first on Firstpost.

from Firstpost https://ift.tt/2ITZwsK
via IFTTT