Deals
Berkshire Said to Draw Fed Scrutiny Over Wells Fargo Investment
- Agencies weigh whether insider-credit limits exceeded at bank
- Buffett’s 10 percent stake in Wells Fargo triggers more rules
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Warren Buffett’s Berkshire Hathaway Inc. is well known as a tapestry of modern capitalism for its ownership of dozens of companies and investments in dozens more.
Now that interconnected web is prompting U.S. regulators to examine whether Berkshire’s stake in one of its biggest holdings, Wells Fargo & Co., violates rules for how much credit banks can extend to corporate insiders, according to two people familiar with the review.