Warren Buffett’s Berkshire Hathaway Inc. officially became the biggest shareholder of Bank of America Corp. on Tuesday, notching billions in gains on the bank’s recovery from the financial crisis. Bank of America said Berkshire exercised warrants to buy 700 million of its shares at below-market prices, a deal that ties back to a crisis-era investment. The move makes the famous stock picker’s firm the largest shareholder of the...

Source: Wall Street Journal August 29, 2017 21:33 UTC