Bank Watch List
Analysis on Buffett’s Bank of America Billion-Dollar Bathtub Ball
Increased concerns over Bank of America’s possible need for new capital sent Warren Buffet to the rescue with a $5 Billion sweetheart loan?
Bank of America CEO Brian Moynihan has said at least three times that Bank of America has no need to raise capital. Today, Moynihan accepted a deal from Warren Buffet that could allow Buffet’s company Berkshire Hathaway to become B of A’s largest shareholder. The deal was conceived in a bathtub. Read More…