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Why Comerica's Wild Ride with Activists Was Good for Banking.

Authors :
Broughton, Kristin
Source :
American Banker; 8/25/2016, Vol. 181 Issue 164, p1, 1p
Publication Year :
2016

Abstract

The article discusses the author's claim that the Comerica Inc. financial services firm's potential sale and dealings with activist investors has been good for America's banking industry, and it mentions how the Hudson Executive Capital LP investment company run by executives Doug Braunstein and Doug Woolery decided to scale back its investment in Comerica Inc. Doubts about Comerica Inc.'s ability to find an interested buyer are examined, along with cost-cutting measures at the firm.

Details

Language :
English
ISSN :
00027561
Volume :
181
Issue :
164
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
117642565