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.

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