For Deutsche Bank, domestic branches of its own were still something of a rarity at the time the Frankfurt branch dated from 1886 and the Munich branch from 1892, while further branches were established in Dresden and Leipzig in 1901. Joint ventures were symptomatic of the concentration then under way in the German banking industry. The bank formed alliances with large regional banks, giving itself an entrée into Germany's main industrial regions. The second half of the 1890s saw the beginning of a new period of expansion at Deutsche Bank. In Germany, the bank was instrumental in the financing of bond offerings of steel company Krupp (1879) and introduced the chemical company Bayer to the Berlin stock market. Major projects in the early years of the bank included the Northern Pacific Railroad in the US and the Baghdad Railway (1888). The branch opening in London, after one failure and another partially successful attempt, was a prime necessity for the establishment of credit for the German trade in what was then the world's money centre. Its first oversea-offices opened in Shanghai in 1872 and London in 1873 followed by South American offices between 18. The bank's first domestic branches, inaugurated in 18, were opened in Bremen and Hamburg. Wilhelm Platenius, Georg Siemens and Hermann Wallich.Gustav Müller (Württembergische Vereinsbank, Stuttgart).Gustav Kutter (Bankhaus Gebrüder Sulzbach, Frankfurt).Adolph vom Rath (Bankhaus Deichmann & Co., Cologne).Victor Freiherr von Magnus (Bankhaus F.Ludwig Bamberger (politician, former chairman of Bischoffsheim, Goldschmidt & Co).Heinrich von Hardt (Hardt & Co., Berlin, New York).Adelbert Delbrück (Bankhaus Delbrück, Leo & Co.).Anton Adelssen (Bankhaus Adelssen & Co., Berlin).Prior to the founding of Deutsche Bank, German importers and exporters were dependent upon British and French banking institutions in the world markets-a serious handicap in that German bills were almost unknown in international commerce, generally disliked and subject to a higher rate of a discount than English or French bills. Three of the founders were Georg Siemens, whose father's cousin had founded Siemens and Halske Adelbert Delbrück and Ludwig Bamberger. The object of the company is to transact banking business of all kinds, in particular, to promote and facilitate trade relations between Germany, other European countries and overseas markets. The statute laid great stress on foreign business: The bank's statute was adopted on 22 January 1870, and on 10 March 1870 the Prussian government granted it a banking licence. It subsequently played a large part in developing Germany's industry, as its business model focused on providing finance to industrial customers. November 1881 1870–1919 ĭeutsche Bank was founded in Berlin in 1870 as a specialist bank for financing foreign trade and promoting German exports. 6.16 Commodities trading, bribery fine, 2021.6.13 Involvement in Danske Bank money-laundering scandal, 2018.6.12 Criminal cartel charges in Australia, 2018.6.11 Fine for business with Jeffrey Epstein, 2020.6.10 Relationship with Donald Trump, 1995-2021.6.9 Russian money-laundering operations.6.4 Deutsche Bank document release, 2014.
6.1 Role in Financial crisis of 2007–2008.1.6.1 Housing credit bubble and CDO market.1.6 Great Recession and European debt crisis (2007–2012).Its investment banking operations often command substantial deal flow.Īccording to the New Yorker, Deutsche Bank has long had an "abject" reputation among major banks, as it has been involved in major scandals across different issue areas. The company is a universal bank with four major divisions: Investment Bank, Corporate Bank, Private Bank and Asset Management (DWS). It is considered a systemically important bank by the Financial Stability Board. As the largest German banking institution, it is a component of the DAX stock market index. As of 2020, Deutsche Bank was the 21st largest bank in the world by total assets and 63rd in the world by market capitalization. The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia. Deutsche Bank AG ( German pronunciation: ( listen)) is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
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