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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> mortgage investors

Bank of America gets $5 billion injection from Warren Buffett

Posted by RJ and Makay on Aug 25, 2011

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Bank of America has come to an agreement that has Berkshire Hathaway investing $5 billion in the embattled bank.  The private offering comes at a time that has seen Bank of America shares lose 30% the past month amid rumors of capital deficiency.  The bank denied those rumors and news of a possible merger with JP Morgan Chase.