Jump to navigation Jump to search Not to be confused with Deutsche Bundesbank or Deutsche Postbank. European american investment bank ag что это multinational investment bank and financial services company headquartered in Frankfurt, Germany.
The bank is operational in 58 countries with a large presence in Europe, the Americas and Asia. As of April 2018, Deutsche Bank is the 15th largest bank in the world by total assets. Share of the Deutsche Bank, issued 2. Deutsche Bank was founded in Berlin in 1870 as a specialist bank for financing foreign trade and promoting German exports. It subsequently played a large part in developing Germany’s industry, as its business model focused on providing finance to industrial customers. 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.
Three of the founders were Georg Siemens, whose father’s cousin had founded Siemens and Halske, Adelbert Delbrück and Ludwig Bamberger. The bank’s first domestic branches, inaugurated in 1871 and 1872, were opened in Bremen and Hamburg. The second half of the 1890s saw the beginning of a new period of expansion at Deutsche Bank. The bank formed alliances with large regional banks, giving itself an entrée into Germany’s main industrial regions. Joint ventures were symptomatic of the concentration then under way in the German banking industry. In addition, the bank rapidly perceived the value of specialist institutions for the promotion of foreign business.
The immediate postwar period was a time of liquidations. Having already lost most of its foreign assets, Deutsche Bank was obliged to sell other holdings. A great deal of energy went into shoring up what had been achieved. But there was new business, too, some of which was to have an impact for a long time to come. The bank played a significant role in the establishment of the film production company, UFA, and the merger of Daimler and Benz. Increasing costs were one reason for the merger. Another was the trend towards concentration throughout the industry in the 1920s.
The merger came at just the right time to help counteract the emerging world economic and banking crisis. In 1937, the company name changed back to Deutsche Bank. The crisis was, in terms of its political impact, the most disastrous economic event of the century. The shortage of liquidity that paralyzed the banks was fuelled by a combination of short-term foreign debt and borrowers no longer able to pay their debts, while the inflexibility of the state exacerbated the situation.
For German banks, the crisis in the industry was a watershed. After Adolf Hitler came to power, instituting the Third Reich, Deutsche Bank dismissed its three Jewish board members in 1933. In 1999, Deutsche Bank confirmed officially that it had been involved in Auschwitz. 2 billion compensation fund following lawsuits brought by Holocaust survivors. Following Germany’s defeat in World War II, the Allied authorities, in 1948, ordered Deutsche Bank’s break-up into ten regional banks.
In 1957, these three banks merged to form Deutsche Bank AG with its headquarters in Frankfurt. In 1959, the bank entered retail banking by introducing small personal loans. 603 million in 1986 to acquire Banca d’America e d’Italia. By the mid-1990s, the buildup of a capital-markets operation had got under way with the arrival of a number of high-profile figures from major competitors. In October 2001, Deutsche Bank was listed on the New York Stock Exchange.