Deutsche Bank

Deutsche Bank AG 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.
deutsche-bank

Some of the key events about Deutsche Bank

  • 1870
    Founded as a foreign trade bank in Berlin to promote German exports
  • 1876
    Opened its first overseas branch in London
  • 1914
    Financed the construction of the Baghdad Railway, connecting Berlin to the Persian Gulf
  • 1929
    Merged with its major domestic rival, Disconto-Gesellschaft
  • 1933
    Participated in the "Aryanization" of Jewish-owned businesses during Nazi rule in Germany
  • 1946
    Temporarily closed due to its involvement with the Nazi regime during World War II
  • 1957
    Introduced the "Kleine Kredit" (small loan) program, making consumer credit widely available in Germany
  • 1989
    Acquired Morgan Grenfell, a British merchant bank, expanding its investment banking capabilities
  • 1999
    Acquired Bankers Trust, becoming a major player in the global investment banking market
  • 1999
    Acquired Bankers Trust, leading to significant legal and regulatory issues
  • 2001
    Implicated in a major money laundering scandal involving Russian clients
  • 2002
    Listed its shares on the New York Stock Exchange
  • 2008
    Involved in the subprime mortgage crisis, contributing to the global financial meltdown
  • 2010
    Acquired Sal. Oppenheim, the largest private bank in Europe at the time
  • 2015
    Fined $2.5 billion for its role in manipulating LIBOR interest rates
  • 2016
    Reached a $7.2 billion settlement with the U.S. Department of Justice over toxic mortgage assets
  • 2017
    Fined $630 million for involvement in Russian mirror trades, a money-laundering scheme
  • 2019
    Announced a major restructuring plan to focus on corporate banking and reduce its investment banking operations
  • 2019
    Raided by German authorities in connection with the Panama Papers money laundering investigation
  • 2020
    Fined $150 million by New York regulators for compliance failures related to Jeffrey Epstein's accounts

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Deutsche Bank Latest news

UniCredit's Commerzbank Pursuit Faces Hurdles Amid Performance Concerns

UniCredit's Commerzbank Pursuit Faces Hurdles Amid Performance Concerns

UniCredit's bid for Commerzbank faces opposition from German officials, despite investor optimism. Commerzbank's poor performance and limited standalone options highlight the complexities of the potential takeover.

Business, Economics, Politics • September 25 2024 , 10:03 AM  •  282 views
Deutsche Bank's Legal Saga: Unexpected Turn in Postbank Case

Deutsche Bank's Legal Saga: Unexpected Turn in Postbank Case

Deutsche Bank settles long-running Postbank acquisition dispute for less than anticipated, boosting shares. The case highlights the unpredictable nature of legal risks in banking valuations.

Business, Economics • August 22 2024 , 04:24 PM  •  139 views
India's Central Bank Panel Faces Final Meeting Before Key Changes

India's Central Bank Panel Faces Final Meeting Before Key Changes

India's monetary policy committee prepares for its last meeting before member changes. With inflation concerns and upcoming leadership transitions, the central bank faces crucial decisions.

Economics, Politics • August 6 2024 , 03:21 AM  •  2481 views
European Shares Dip as LVMH Results Disappoint and Earnings Concerns Mount

European Shares Dip as LVMH Results Disappoint and Earnings Concerns Mount

European stocks fell as LVMH's weak Q2 sales hit luxury sector. Tech shares slumped following poor U.S. earnings, while mixed corporate results and stalled Euro zone growth added to market caution.

Business, Economics • July 24 2024 , 09:35 AM  •  1282 views
Deutsche Bank Posts First Loss in Four Years Due to Legal Provision

Deutsche Bank Posts First Loss in Four Years Due to Legal Provision

Deutsche Bank reported its first quarterly loss in four years, attributed to a 1. 3 billion euro legal provision. The loss broke a 15-quarter profit streak and led to a 7% drop in shares.

Business, Economics • July 24 2024 , 08:37 AM  •  2754 views