News · Yahoo Finance

Is Berkshire Bending the Rules With Bending Spoons?

The Motley Fool Hidden Gems Investing podcast discusses Bank of America's earnings, including a $1.2 billion anti-money laundering penalty, with investment banking fees down 11% and the stock the worst performer among bank stocks after the report. The hosts compare the case with TD Bank's, which involved criminal conduct and an asset cap, noting Bank of America mainly failed to report some suspicious transactions in a timely manner despite a 2024 order, so an asset cap is considered unlikely unless the investigation reveals criminal activity. The episode also covers Fastenal's earnings, Berkshire Hathaway's added investment in Bending Spoons, and CoreWeave's debt falling into junk territory.

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