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Berkshire Hathaway cuts stake in Wells Fargo

Wells-Fargo-sign-on-building

Warren Buffett's Berkshire sold more than 100 million shares, trimming its holdings of the bank's common stock to about 3.3%, according to a regulatory filing

Warren Buffett’s Berkshire Hathaway Inc., once the biggest holder of Wells Fargo & Co. common stock, slashed its investment by more than 40% as the lender copes with the aftermath of consumer-abuse scandals.

Berkshire sold more than 100 million shares, trimming its stake in Wells Fargo comm

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