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Credit Suisse activist seeks $1bn to back breakup plan

Bloomberg Rudolf Bohli, the activist hedge-fund manager pushing for a breakup of Credit Suisse Group AG, said he’s in talks with more than 150 potential investors with the goal of raising 1 billion francs ($1.02 billion) for his campaign. Bohli, whose firm RBR Capital Advisors AG currently manages about 250 million francs, said most of the potential backers he pitched ...

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Postbank investors may get windfall after Deutsche bank loss

Bloomberg Deutsche Bank AG was ordered to pay 14 Postbank shareholders a total of 48 million euros ($57 million) in a ruling that could lead to billions more in compensation for investors who argue the lender short-changed them in a 2010 takeover. The court in Cologne, Germany, backed the argument of shareholders who accepted the original offer, but dismissed suits ...

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Lloyds ‘mugged’ investors in 2009 HBOS deal, says lawyer

Bloomberg Lloyds Banking Group Plc mugged shareholders when it got them to agree to the “catastrophic” HBOS deal at the height of the global financial crisis, a lawyer representing thousands of investors suing the bank said on the first day of a London trial. Senior executives “pursued a dangerous and value-destroying strategy” to push the deal through, Richard Hill, the ...

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