The bank's shares have been hard-hit by the market volatility caused by coronavirus

Warren Buffett’s Berkshire Hathaway sold a substantial amount of US Bancorp stock this week.

Subsidiaries of Berkshire Hathaway  sold a total of 497,786 US Bancorp shares on 11 and 12 May for $16.3m. According to a form Buffett filed with the Securities and Exchange Commission, Berkshire Hathaway now has overall ownership of 150.5 million shares of the bank.

Buffett’s Berkshire Hathaway sells chunk of US Bancorp shares

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