Warren Buffett's Berkshire Hathaway has taken a $52m stake in the Bank of New York Mellon and increased its holding in Wells Fargo.
The future succession of Warren Buffett at Berkshire Hathaway took another twist yesterday after the billionaire hired a 39-year-old hedge manager to his investment team.
Billionaire investment guru Warren Buffett says it will be a "sad day" when Goldman Sachs unwinds his profitable $5bn position in the banking giant.
The US Securities and Exchange Commission questioned Warren Buffett's Berkshire Hathaway in Q2 on why it was not writing down large losses on shares in Kraft and US Bancorp.
Goldman Sachs could repay a $5bn preferred stock investment from Warren Buffett's Berkshire Hathaway, which helped the bank negotiate through the 2008 financial crisis.
Warren Buffett's empire is unlikely to be run by his family when the investment guru steps down from the business, his son has told Bloomberg.
Warren Buffett is expecting "large investment opportunities" to develop in China as the country continues its rapid expansion.
City veteran Terry Smith, who will shortly launch his own fund management group, has hit out at performance fees which he argues do nothing more than destroy investor returns.