Warren Buffett, who invested $5 billion in Bank of America, said he's confident the lender will overcome an accounting mistake that forced the firm to suspend an increased payout to shareholders.
Wells Fargo & Co. announced that Anne Doss will head its personal and small- business insurance division starting in January as the bank builds its unit that helps clients buy policies and manage risk.
Bank of America Corp. Chief Executive Officer Brian T. Moynihan said the firm has plenty of capital and hes confident it will pass the next U.S. stress tests.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon would be the best person to lead the U.S. Treasury Department in a financial crisis, billionaire investor Warren Buffett said.
