Investment Banking

Berkshire’s $1.5bn sale of Bank of America stock could be just the beginning

Bank of America is Berkshire Hathaway’s second-biggest stock position
Bank of America is Berkshire Hathaway’s second-biggest stock position Photo: Michael Nagle/Bloomberg

Was it a trim or the start of a major sale?

That is a key question after Berkshire Hathaway disclosed in a securities filing late on 19 July that it had sold about $1.5bn of Bank of America stock last week. It was the first reduction of the holding in at least four years.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger