June 16, 2020 / 8:41 AM / 18 days ago

Cerberus tells Commerzbank it wants "substantial change" in leadership

FRANKFURT, June 16 (Reuters) - Cerberus has shot back in a letter to Commerzbank, saying that it was committed to “substantial change” in the bank’s leadership.

It marks the latest volley in a campaign by the U.S. investor to enact change at Germany’s No. 2 lender. (Reporting by Tom Sims; editing by Thomas Seythal)

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