(, ) () is a
Bank operating worldwide and employing more than 75,000 people (June, 2007). Its headquarters, the
Deutsche Bank Twin Towers , are located in
Frankfurt ,
Germany . Dr.
Josef Ackermann is its CEO and Chairman of the ''
Group Executive Committee ''), Dr.
Clemens Börsig is the Chairman of the Supervisory Board. Deutsche Bank, ranked by revenues and profits, is one of the largest
Investment Banks in the world.
Deutsche Bank was founded in Germany on
January 22 ,
1870 as a specialist bank for
Foreign Trade in
Berlin by the private banker
Adelbert Delbruck and the politician
Ludwig Bamberger . Its first branches outside Germany were opened in
Shanghai ,
Yokohama (1872) and
London (1873). The first directors were Wilhelm Platenius,
Georg Von Siemens , and Hermann Wallich. Deutsche Bank acquired the banks Berliner Bank-Verein and Deutsche Union-Bank in 1876 and became then the largest bank in Germany, surpassing the
Disconto-Gesellschaft .
Major projects in its first decades included the
Northern Pacific Railroad in the
United States (1883) and the
Baghdad Railway (1888). It also financed bond offerings of the steel concern
Krupp (1885) and introduced the chemical company
Bayer on the Berlin stock market.
]]
During the first three decades of the 20th century, it expanded quickly and merged with other local German banks, eventually merging with the Disconto-Gesellschaft in 1929.
The history of Deutsche Bank during the
Second World War has been well documented by independent historians commissioned by the Bank.
{Link without Title}
Following Germany's defeat in the war, Allied authorities ordered Deutsche's breakup into ten regional banks on
April 1 ,
1948 . These 10 regional banks were later consolidated into 3 major banks in 1952:
- Norddeutsche Bank AG
- Süddeutsche Bank AG
- Rheinisch-Westfälische Bank AG
In 1957 these three banks merged and other takeovers followed, such as
London Investment Bank Morgan Grenfell in 1989; ''
Bankers Trust '' in
New York in 1998,
Crédit Lyonnais Belgium in
Brussels in 1999, Moscow-based
Investment Bank United Financial Group in
Russia in 2006 and the German norisbank and Berliner Bank in 2007.
In 1995 Deutsche Bank began the transformation from a commercial bank to an
Investment Bank and to provide expertise for investment banking products. By 2005 75% of the Bank's revenues came from investment banking, and the ROE went from 4% to 25%. Deutsche Bank is a world-class leader on the investment banking market, belonging to the so-called
Bulge Bracket .
In 2006 the business in Germany became extended by the acquisition of the
Berliner Bank and the
Norisbank . Furthermore the Deutsche Bank started to offer financial services in Turkish language called
'Bankamiz' in its German branch banks in 2006.
Deutsche Bank is a member of the ,
2002 . Accessed
June 22 ,
2007 .
On
September 11 ,
2001 , the
Deutsche Bank Building , located at 130 Liberty Street in
New York City and acquired two years earlier as part of the merger with ''
Bankers Trust '', was damaged beyond repair as a result of the
9/11 Terrorist Attack . Large pieces of debris from the
Twin Towers hit the Deutsche Bank building, creating a large hole in its center and destroying its main entrance and lobby.
Deutsche Bank sued their insurance carriers to require them to pay out the claims, and in December 2004, Deutsche Bank settled with the insurance carriers and then sold the building to the
Lower Manhattan Redevelopment Corporation .
{Link without Title}
Deutsche Bank relocated most of its NYC Area units to
60 Wall Street - acquired earlier in 2001 and formerly occupied by
J.P. Morgan Chase .
The skyscraper itself has been the subject of long court battles and concerns over toxic contamination. The ongoing discovery of remains of 2001 terror attack victims since it was damaged by the World Trade Center's south tower had stalled dismantling the building.
On
August 18th ,
2007 a seven alarm fire broke out around the 15th floor of the now-empty building on Liberty Street. Subsequently, 2
FDNY firefighters died of smoke inhalation, 5 other firefighters were injured. No civilians have been reported injured. The building is in the progress of being dismantled floor by floor due to the damage caused on 9/11.http://www.cnn.com/2007/US/08/18/nyc.fire/index.html
In July 1972, eight notable graphic artists were commissioned to create a new logo for Deutsche Bank that would unmistakably represent the company. From a choice of several brand designs, Deutsche Bank decided upon a symbol created by the now deceased painter and graphic artist from
Stuttgart ,
Anton Stankowski : the “slash in a square”, as the construction was described. This logo fulfils Deutsche Bank's criteria:
- With a simple yet striking form, the symbol has a high attention-provoking and recognition value.
- The logo supports the identity of Deutsche Bank: the “slash” stands for consistent growth and dynamic development, the square-shaped frame can be interpreted as a sign of security and a controlled environment. In a nutshell, the logo stands for consistent growth in a secured environment.
- It is striking, unmistakable and timeless
- It can be used in all media.
- The logo can be clearly recognised when reduced in size and at great distances.
The combination of the company name Deutsche Bank and the square-shaped logo constitute since 1974 the Deutsche Bank brand.
Deutsche Bank is organized in three Group Divisions: Corporate and Investment Bank,
Private Clients and Asset Management, and Corporate Investments.
{Link without Title}
- Bankers Trust (Successfully Closed) 30 November 1998 .[http://www.deutsche-bank.de/ir/en/index.html?contentOverload=http://www.deutsche-bank.de/ir/en/releases_766.shtml&loadFlash=/ir/en/1613.html Acquisition of Bankers Trust Successfully Closed]
- Berkshire Mortgage Finance October 22, 2004 .[http://www.deutsche-bank.de/presse/en/content/presse_informationen_2004_2565.htm?month=3 Acquisition of Berkshire Mortgage Finance]
- Derivatives House of the Year
- Investment-Grade Corporate Bond
- House of the Year
- Covered Bond House of the Year
- Bond House of the Year
- Derivatives House of the Year
- DeAM ranked No.1 third-party insurance asset manager
- Best Investment Grade Debt House
- Best Risk Management House
- Emerging Markets Best Debt House
- RREEF Ranked No.1 Global Real Estate Fund Manager by AuM
- Best Trade Documentation Bank
- Best Forfaiting Institution
- No.1 Provider of FX Services
- Best performing mutual fund company — Large 5 & 10 years: DWS/Germany
- Best performing mutual fund company — Large 10 years: DWS/Austria
- Best performing mutual fund company — Large 10 years: DWS/Switzerland
