Warren Buffett has sold off nearly all of Berkshire Hathaway's Wells Fargo & Co. stock. After more than 31 years of investment in the bank, a regulatory filing on Monday 17 May revealed that Berkshire Hathaway now only has $26.4 million (£18.6m)-worth of shares in one of America's biggest banks as of 31 March. That's a considerable drop from the $32 billion (£22.5bn) it owned in January 2018.

Ever since it emerged that Wells Fargo was putting pressure on employees with targets that led them to sell customers multiple products that they often didn't need, or even create false accounts, the bank's relationship with Berkshire Hathaway has been rocky. Buffett himself dubbed Fargo's controversial incentive scheme as "dumb" in a CNBC interview in February 2020, and he also criticised the bank's slow reaction in dealing with the scandal. The same month Wells Fargo agreed to pay $3 billion (£2.1bn) to the US Justice Department and Securities and Exchange Commission to resolve criminal and civil investigations into its fraudulent practices.

But that's not the only big move Berkshire Hathaway and Warren Buffett has made recently. Click or scroll through to find out what else Buffett has been up to...

Warren Buffett's big business decisions and insights of 2021