Berkshire to pare Wells Fargo stake, pull Fed application

Apr 12, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it is selling 9 million shares of Wells Fargo & Co , and will withdraw its application for Federal Reserve permission to boost its ownership stake above 10 percent.