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Buffett: Fed plan would open door to more investment in banks

Tuesday, May 7, 2019   (0 Comments)
Posted by: Amanda Averch
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If the Federal Reserve adopts a proposal to increase the proportion of a bank's shares an investor can own without being considered a bank holding company, Berkshire Hathaway will probably increase investment in Wells Fargo and other banks, CEO Warren Buffett says. The Fed has proposed raising the threshold that triggers the bank holding company designation to 25% from 10%.

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