Berkshire sells around $1.48 billion Bank of America shares, filing shows
(Reuters) -Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. Berkshire is one of the Charlotte, North Carolina-based lender’s largest shareholder. It also invests in several other banks, including Wells Fargo & Co and JPMorgan Chase The conglomerate, owned by Warren Buffett, began investing in Bank of America in 2011, … Read more…