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Warren Buffett Is Buying Bank Stocks. Why Aren’t Others?

Warren E. Buffett's Berkshire Hathaway has been building its position in banks over the past year. It is now among the five biggest shareholders in Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, U.S. Bancorp and Bank of New York and owns big stakes in others.
-- Stephen Grocer, NYT

The play:

The Volcker 2.0 plan will tell banks that when they take stakes in third-party funds while underwriting or making markets for clients -- permitted activities under Dodd-Frank -- they don’t have to count it against overall limits for investing in private equity and hedge funds, the people said. The new rule would also boost the ability to hedge such investments and eliminate restrictions on certain foreign investment funds.
-- Volcker Revamp Could Free Banks to Boost Investment Fund Stakes