Tag Archives: United States Bancorp

Berkshire Hathaway now owns 981.6 million Bank of America shares worth around $ 24 billion. Houston Cofield / Bloomberg Text size Bank of America is Warren Buffett’s favorite bank. Berkshire Hathaway (ticker: BRK.B) collected 33.9 million shares last week, paying around $ 810 million, or an average price of around …

The potential cost of bad debt loans from the coronavirus for the country’s largest banks has reached 12 figures. The country’s five largest lenders – Bank of America, Citigroup, JPMorgan Chase, US Bancorp, and Wells Fargo – say the financial stress caused by the pandemic could cause borrowers to default …