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Deutsche Bank Turns To Investor Cerberus For Turnaround Advice
Troubled Deutsche Bank has turned to one of its investors for advice on how to turn around fortunes at the loss-making lender. Chief executive Christian Sewing has hired New York-based private equity firm Cerberus as an adviser. The turnaround specialist has a roughly 3pc stake in Deutsche Bank and its other investments include fellow German lender Commerzbank. Mr Sewing, who took over from ousted Yorkshire-born boss John Cryan earlier this year, announced early in his tenure that he would push ... Full investment news article
Relevent to this post: Cerberus Capital Management
Commerzbank,
Success With Snap Helps Venture Firm Lightspeed Raise Us$1.8 Billion For New Funds
SAN FRANCISCO: Venture capital firm Lightspeed Venture Partners has raised US$1.8 billion to invest in startups from cryptocurrency to beauty supplies, hoping to build on its streak of lucrative bets in companies such as Snap Inc, the firm's partners told Reuters. Lightspeed has historically been ... Full investment news article
Relevent to this post: Jeremy Liew
Public School and Education Employee Retirement Systems of Missouri,