M&T's market capitalization is around $9.7 billion, and Allied owns 24% of the bank. It acquired the stake in 2002, when M&T snapped up Allied's Allfirst Financial unit, then embroiled in a currency trading scandal. Interestingly, M&T's second-biggest shareholder -- Warren Buffett's Berkshi...
highlighting a broader concern regarding Berkshire’s asset allocation and its ability to keep up with the US stock market, let alone outperform. The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright...
where the firm owns 245 million shares. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13-F filing with the SEC, which means such filings are merely a snapshot of an investor's holdings at a given point. GET FOX BUSINESS ON THE GO...