1. Deutsche Bank Draws Activist Investment From Former JPMorgan Finance Chief

    Deutsche Bank Draws Activist Investment From Former JPMorgan Finance Chief

    A New York-based activist hedge fund has taken a stake in Deutsche Bank AG, betting the German lender's new chief executive can revive its sagging profits by pursuing a turnaround strategy investors so far have found unconvincing. Hudson Executive Capital LP, led by former JPMorgan Chase & Co. finance chief Douglas Braunstein, said it has built about a 3.1% stake in Deutsche Bank common shares...

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    1. We would not have made the investment but for the fact that we think he's the right guy for the job.
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