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Warren Buffett: Big Bank Kingmaker?

The Motley Fool's senior banking analyst, Matt Koppenheffer, was one of the many who attended Berkshire Hathaway's annual meeting last week. His unique and Foolish perspective of the event should be of interest to serious investors.

By Matt Koppenheffer – May 14, 2013 at 6:08PM EST

To recover from the financial crisis, investment banks like Goldman Sachs (GS +0.59%) and Bank of America (BAC +0.50%) needed capital and credibility. They turned to Berkshire Hathaway(NYSE: BRK-B) for both, giving Warren Buffett incredible leverage to set the terms of his investments.

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About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Matt Koppenheffer owns shares of Berkshire Hathaway, Goldman Sachs, and Bank of America. The Motley Fool recommends Berkshire Hathaway and Goldman Sachs. The Motley Fool owns shares of Bank of America and Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$712,700.00
(+1.28%)+$9,000.01
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$474.66
(+1.32%)+$6.17
Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$808.18
(+0.66%)+$5.29
Bank of America Stock Quote
Bank of America
NYSE: BAC
$47.21
(+0.50%)+$0.24

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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