Warren Buffett sells more BofA shares

Buffett's Berkshire Hathaway has trimmed the stake by a total of almost 13% in a series of sales since mid-July, generating US$5.4bil in proceeds. — Bloomberg

NEW YORK: Warren Buffett has sold an additional US$982mil of Bank of America Corp (BofA) stock as his conglomerate continues to shrink its investment in the second-largest US bank.

His Berkshire Hathaway Inc has trimmed the stake by a total of almost 13% in a series of sales since mid-July, generating US$5.4bil in proceeds.