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Hellhound on the trail

10 June 2020 By Liam Proud

The U.S. fund wants to name two board members at the $6.4 bln lender. That’s more than its 5% stake warrants. And the move, weeks after an annual meeting, is oddly timed. Cerberus is right to push for cuts, but an aggressive approach may backfire at the partly state-owned bank.

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