Berkshire Hathaway Pares Back Bank Positions in Q1

Warren Buffett, the most famous investor in the world, remained fairly passive in the Stock Exchange in the first quarter of the year. He did not make any large acquisition, but reduced positions in the financial sector, with the departure of the capital of Citi and the Brazilian Nubank, the sale of part of his titles in Bank of America and a marginal divestment in Capital One. With those sales he amassed more liquidity at a time of stock turbul…

Berkshire Hathaway pares back bank positions in Q1

CNBC's Leslie Picker reports on Berkshire Hathaway's latest moves.

Warren Buffett sold off Berkshire’s bank stocks and made no buys during Q1 market slump

Warren Buffett didn’t use the first quarter dip to go shopping. He unloaded more than he bought, slashing Berkshire Hathaway’s exposure to banks while keeping his cash untouched.