Warren Buffett shifts investments, buys into Capital One and sells stakes in other banks.

Warren Buffett's Berkshire Hathaway sold $1.4 billion of its remaining holdings in Bank of New York Mellon and US Bancorp, while buying new stock in Capital One and increasing its holding in Ally Financial. Buffett has been cautious about holding many bank stocks, but Bank of America remains one of Berkshire's largest holdings. Bridgewater Associates, the world's biggest hedge fund, also sold about $180 million in bank stocks, including more than 80% of its holdings in Bank of New York Mellon and US Bancorp.