Cerberus Loses on Big Deutsche Bank Bet

Shares of the German investment bank have fallen more than 56 percent this year, but got a boost from merger rumors on Wednesday.

Deutsche Bank headquarters (Alex Kraus/Bloomberg)

Deutsche Bank headquarters

(Alex Kraus/Bloomberg)

Cerberus’s big bet on Germany’s Deutsche Bank has fallen by more than 50 percent since the U.S. firm became Deutsche Bank’s single-biggest shareholder a year ago.

The German bank’s shares have fallen 56 percent this year — and nearly 80 percent over the past five years.

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