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Warren Buffett Denies He Wants Major Changes at Wells Fargo

Billionaire Warren Buffett broadly denied an earlier report that he wants "radical transformation" at Wells Fargo, where he is the largest shareholder.

Earlier on Thursday, Douglas Kass of Seabreeze Partners Management said Buffett "expressed his extreme dissatisfaction" to the bank's board of directors, calling for "a radical transformation of the bank's ethics, in no uncertain terms." Kass has a small short position in Buffett's Berkshire Hathaway.

A spokesperson for Buffett told CNBC's Becky Quick that Kass' note can be reported to be false.

The Omaha-based billionaire previously indicated he wouldn't comment on the secret account scandal before November.

Buffett's Berkshire Hathaway holds the largest stake in Wells Fargo with about 9.51 percent of shares outstanding, according to FactSet.

In July, Buffett applied for approval to expand his stake in the bank.