‘We’re trying to shame them’: Upstart activist investors target America’s underperforming banks

‘We’re trying to shame them’: Upstart activist investors target America’s underperforming banks


Key Points
  • Hedge fund HoldCo has emerged from relative obscurity to launch activist investor campaigns against three regional banks: Comerica, Eastern Bank and First Interstate.
  • Founders Vik Ghei and Misha Zaitzeff tell CNBC exclusively about their next target, Columbia Bank, and their broader plans to challenge banking CEOs.
  • The millennial upstarts are bringing activism back to a sector that had been largely immune to it since the 2008 financial crisis. It comes amid a wave of regional bank consolidation.



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