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Warren Buffett expresses confidence in Wells Fargo

05/03/09 00:28

Investment legend Warren Buffett expressed his confidence in the capacity of Wells Fargo & Co., the largest equity holdings of his Berkshire Hathaway Inc., to sail the storms and survive the financial crisis.

Buffett said that the bank, which happens to be the United States' fourth largest, is in a good position to expand operations, add deposits, and absorbed troubled institutions such as Wachovia Corp.

Link: Buffett says Wells Fargo to ride out credit crisis | Markets | US Markets | Reuters

 

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