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Berkshire Hathaway CEO Warren Buffett announces that he will step down as CEO by the end of the year at the company's annual shareholder meeting. Greg Abel will take over as CEO, pending board approval.
2025-05-3

Berkshire Hathaway Inc has become the largest shareholder of Bank of America by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday announced the exercise of the warrants, which gave Berkshire, controlled by Warren Buffett, the right to buy the bank’s shares for about $7.14 each. Bank of America shares closed down 14 cents at $23.58 on the same day.
2017-08-29

Fannie Mae files a lawsuit for $800 million against nine different banks, including Citigroup and Bank of America, for manipulating the Libor benchmark interest rate.
2013-11-1

A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019
2013-02-21

Securities regulators file a lawsuit against traders in options on the stock of H.J. Heinz, alleging they had inside information of the planned acquisition of that company before the announcement thereof by Berkshire Hathaway and 3G Capital.
2013-02-15

For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.
2013-01-7

The hacker group Anonymous releases e-mails obtained from the Bank of America.
2011-03-14

Bank of America bans Wikileaks payments as a result of news of an upcoming release of information on banks in the United States that could leave an impact.
2010-12-18

Warren Buffett who through Berkshire Hathaway controls a significant block of the shares of Kraft came out in opposition to Kraft's proposal to float 370 million shares in order to fund its bid for the UK based confectioner Cadbury.
2010-01-5