Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit.
Deutsche Bank AG hired Greg Kuppenheimer of Goldman Sachs Group Inc. as a managing director and co-head of equity structuring for North America, at least the third senior-level hire from its U.S. rival in two months.
When Deutsche Bank AG foreclosed on a Las Vegas parcel in the depths of the 2008 crisis, it decided to double down. The bank spent $4 billion on a hotel and casino with private terraces, high-end restaurants and a multi-level nightclub to create one of the Strip’s hottest destinations.