Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019.

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Warren Buffett’s conglomerate has sold shares of the financial isntituion for nine straight days.

Associate Editor

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Berkshire Hathaway continued its sales of Bank of America shares in recent days, unloading about $760m of stock and dropping its stake in the banking company to $34.7bn.

Berkshire sold 18.7 million shares of Bank of America stock on 3, 4, and 5 September, reducing its interest to 864 million shares, an 11.1% stake, according to Form 4 filing with the Securities and Exchange Commission late 5 September. Berkshire received an average price of about $40.55 per share.

Berkshire Hathaway sells $760m of Bank of America stock as stake keeps shrinking

Andrew Bary

Stocks

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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