Post #1197 by jetjockey787 on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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From Fortune this morning:

'It seems in this case the opportunity has fallen into the lap of Bank of America, which brought in more than $15 billion in deposits as SVB sunk. Sources familiar with the matter told Bloomberg the inflows came from fearful customers moving their money to an institution'the second biggest bank in the States'that is seen as simply too big to fail (and is considered to be so by the Federal Reserve). Indeed, the business's latest annual report for 2022 reveals the company brought in $27.5 billion after tax and holds $3.05 trillion in assets.'

If link is behind a paywall, use Apple's default stock app on iOS devices to access. Edit watchlist, add BAC, and then scroll down to find daily articles. It should open free.

https://stocks.apple.com/AIjmdcKkLTUyMhWMTv8zQwQ

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