Buffett Says Europe’s Banks Can’t Expect Berkshire to Help

Berkshire Hathaway Inc.’s Warren Buffett, who has sold most of the company’s holdings in European sovereign debt, said his firm isn’t interested in helping to bail out lenders on the continent.

“They need capital in their banks, in many of their banks,” Buffett, Berkshire’s chairman and chief executive officer, told Bloomberg Television’s Betty Liu today on the floor of the New York Stock Exchange. “We would not be a good prospect,” he said, adding that Berkshire has received “very, very few” calls about putting capital into European banks. “Not quite none at all,” he said, declining to name any firms.