Warren Buffett invests $5 billion in bank of America
Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the largest US bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis.
Buffett, who generally knows a deal when he sees one, announced yesterday that his company, Berkshire Hathaway, would invest $5 billion in beleaguered Goldman Sachs.