Billionaire investor Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America and Citigroup, according to reports. The moves come as investors re-evaluate the financial health of the two US banks. A decrease in Berkshire’s holdings could indicate a shift in confidence in these institutions’ ability to recover from past challenges.
Source: https://www.ft.com/content/b7337851-75da-4257-a3f5-0e9d62ab4bc6