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Cerberus’s My Money Group to inject more capital to satisfy regulators in deal whose delay was blamed on rising rates
Accounting rules mean mergers would lead to assets being revalued at significantly lower levels
Jeopardised deal is part of lender’s plan to cut Europe and US business to focus on Asia
Recent US employment and inflation data hint that US rates will not fall soon
Plus, the shifting balance of power in private equity and Elon Musk sells more stock despite saying he wouldn’t
Private investor group in line for $12bn cash payout if sale to Kroger is completed
The gradualist approach to change has won out at both institutions
US private equity group has had a rocky relationship with lenders since first disclosing stakes in 2017
Bank sells the operations to US private equity firm Cerberus as it steps up focus on Asia
Private equity firm Cerberus set to swoop on lender’s ‘fallen angel’ retail network
Negotiations with US private equity firm reflect UK lender’s strategy to sharpen focus on Asia
UK lender has been subject of M&A speculation during recent struggles
Elite jobs are notoriously inaccessible to newcomers — Cerberus’s failed Deutsche coup being the latest example
US buyout group tapped former Morgan Stanley president in an effort to replace Paul Achleitner
Struggling UK lender approached by US private equity firm shortly after arrival of new CEO
Supervisory board elects Hans-Jörg Vetter despite opposition from second-largest shareholder
The coronavirus pandemic has, in some instances, seen skittish buyers trying to walk away
Stefan Schmittmann and Martin Zielke tender resignation after criticism from second-biggest shareholder
Cerberus-backed supermarket group prices IPO below range to value group at $7.6bn
US grocery chain’s owners hope to sell up to $1.51bn in IPO that comes after market rebound
Private equity firm demands two seats on supervisory board and criticises management’s ‘negligence’
In the midst of a pandemic, anyone who owns aviation, hospitality or cruise ship businesses is fighting for survival
Several private equity groups have resisted making bids despite 90% share price fall
Other top shareholders also want chairman to change but not immediately
UK bank was looking to sell more than £1bn of loans at centre of accounting error
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