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Berkshire seeks to boost its Wells Fargo stake above 10 percent

July 3, 2016 by · Leave a Comment 

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells

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Berkshire seeks to boost its Wells Fargo stake above 10 percent