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BERKSHIRE HATHAWAY INC. announced that it will convert its preferred stock into common shares. As it stands, Berkshire Hathaway would then become Bank of America's largest shareholder. /BLOOMBERG FILE PHOTO/DAVIS TURNER

Buffett about to reap $12 billion profit on Bank of America...

NEW YORK - Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall.The billionaire plans...

Less-stressful tests seen boosting bank payouts

After seven annual exercises in which at least one U.S. bank failed, all of the nation’s 34 largest lenders will probably pass this year’s...
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