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American banks have found an unlikely pair of adversaries in Vik Ghei and Misha Zaitzeff.

Since July, the nine-person hedge fund they run from Fort Lauderdale, Florida, called HoldCo , has challenged lenders with more than $200 billion in combined assets, demanding that they take swift action or face public campaigns to overthrow their boards and fire their CEOs.

The fund notched a victory this month after Comerica , under pressure from HoldCo, agreed to sell itself to rival Fifth Third for $10.9 billion in the biggest bank merger of the year. HoldCo has since announced activist campaigns against two smaller regional lenders, Boston-based Eastern Bank and Billings, Montana

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