Soros Invests $34 Million in Countrywide

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Billionaire investor George Soros has reported that his fund has picked up 1.78 million shares worth about $34 million in troubled mortgage lender Countrywide Financial Corp.


The report was made in a regulatory filing on Wednesday.


Earlier this year, Charlotte-based Bank of America Corp. invested $2 billion in the Calabasas-based lender. In August, billionaire Warren Buffett, the chairman of Omaha-based Berkshire Hathaway Inc., denied reports that he was poised to buy a stake in the struggling lender.


Shares in Countrywide closed down 2.6 percent to $13.37 in trading Wednesday on the New York Stock Exchange.

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