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Serra: Deutsche Bank Valuation Shows Lack of Confidence

Serra: Deutsche Bank Valuation Shows Lack of Confidence

Oct. 21 -- Davide Serra, founder and chief executive officer at Algebris Investments, examines the state of European banks as he sees a need for cost cutting and looks at Deutsche Bank's valuation and need for capital following a settlement with the U.S. Department of Justice. He speaks on "Bloomberg Surveillance."