Warren Buffett’s Berkshire Hathaway reworked its financial-sector bets amid regional bank turmoil, exiting US Bancorp and Bank of New York Mellon, even as it placed a wager on Capital One Financial. Capital One surged as much as 9.6 per cent.
Berkshire’s move out of several financial stocks and into Capital One in the first quarter, detailed in a regulatory filing, comes after Buffett said publicly he was cooling on the sector. Bank failures earlier this year and concern about liquidity at various regional lenders have shaken finance.
www.business-standard.com/world-news/warren-buffett-s-berkshire-reworks-banking-bets-amid-turmoil-exits-tsmc-123051601205_1.html
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