Bank

German bank Cerberus’ hellish gamble reaches its early end – Breakingviews




















German bank Cerberus’ hellish gamble reaches its early end – Breakingviews



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The American investor sold almost half of its stakes in Deutsche Bank and Commerzbank with a loss of 20%. His investment suffered from bad timing and the difficulty of forcing change with a small stake. Fund constraints mean that the group is now selling in the midst of a bank takeover.

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