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Christian Sewing ‘Appreciates’ Hudson Executive Not Thinking Deutsche Bank Is Lehman
I'm not going to spend a ton of time on this because frankly, the Deutsche Bank jokes are about as worn out as the David Einhorn jokes at this point, but it certainly bears a quick mention.
New York-based Hudson Executive Capital has decided to take a flyer on the embattled bank's shares, in the form of a 3.1% stake. The news was first reported by the Wall Street Journal. The activist fund, run by JPM veteran Douglas Braunstein, is effectively betting on Christian Sewing's turnaround plan.
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