(New York Post) Deutsche Bank shares surged more than 5 percent after a New York hedge fund disclosed it has taken a stake in the beleaguered financial giant. Hudson Executive Capital, led by JPMorgan alum Douglas Braunstein, announced a 3.1 percent, $620 million stake in the German bank Thursday, saying it had “increased confidence” in Deutsche Bank’s management team led by Christian Sewing, who took helm in April.
Deutsche Bank Shares Surge as NY Hedge Fund Takes Stake
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