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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.
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. Prior to the financial crisis,
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