Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt

Conglomerate HNA has upped its stake in the bank to 9.92 percent as a result of a voting rights announcement and share package worth £2.8billion (€3.4bn).

The Chinese have replaced the ruling family of Qatar al-Thani as the largest Deutsche Bank shareholder.

The bank’s British CEO John Cryan is attempting to rebuild Deutsche after tearing up his turnaround strategy after 17 months.

Read on.

 

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