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| Deutsche Bank CEO John Cryan |
News that Cerberus Capital Management has taken a 3% stake in Deutsche Bank provoked a flurry of renewed interest in German banking stocks, just as chief executive John Cryan was reassuring investors at a UBS conference that the repositioning of Germany’s largest lender is largely done or at least on track.
The IPO of Deutsche Asset Management unit is set for the first quarter of 2018; the merger of domestic banking operations with those of Postbank for the second.
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