barking dogs don't bite is a proverb. It is also true on the financial investor, named after the hound of hell? Cerberus criticized the strategy of the Commerzbank management Board and calls for two seats on the Supervisory Board.
the Formal is far-fetched, after all, the Federation has three times the amount of Commerzbank shares and also only two members of the Supervisory Board. In terms of content, but Cerberus's criticism is in many respects right. Commerzbank has grown strongly in recent years, the need to be in the phase of low interest rates will not save even more. That didn't work, the returns are faster broken away, as the costs have been reduced. The Federal government and the Cerberus are sitting on large losses with their Commerzbank shares. Both were set on a merger with Deutsche Bank, to reasonably unscathed to get.
After the Failure of both seem to have no Plan how to get out from Commerzbank. Unlike Cerberus, but the Federal government has used the annual General meeting a few days ago, to its Supervisory Board members to be replaced. Cerberus howls only once. Nonetheless, The Commerzbank Board of managing Directors will need to lower the cost more, because other shareholders are calling for it.
Date Of Update: 15 June 2020, 07:20
