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Stock Market & Financial Investment News

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February 26, 2014
07:47 EDTBAC, BRK.ABank of America capital levels helped by Berkshire modification, FT says
Berkshire Hathaway (BRK.A) has agreed to modify the terms of an investment in Bank of America (BAC) so that the equity now counts as tier one capital, which boosts the bank’s regulatory capital levels, reported Financial Times. The changes fix Berkshire's dividend at 6% and allow BofA to cancel it if it runs into trouble, but, in Berkshire's favor, the bank cannot redeem the stock for five years, the report noted. Reference Link
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