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Encyclopedia > Taunus Corporation
Deutsche Bank AG
Type Public (Template:Frankfurt SE DBK)
Founded 1870
Headquarters Frankfurt am Main, Germany
Key people Dr. Josef Ackermann, Chief Executive Officer and Chairman of the Management Board
Dr. Clemens Börsig, Chairman of the Supervisory Board
Industry Finance and Insurance
Products Commercial Banking, Investment Banking, Private Banking, Asset Management
Revenue 41.708 billion (2005)
Employees 67,474
Website www.db.com

Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (German for German Bank) is a multinational bank operating worldwide and employing more than 67,400 people (January, 2007). Its headquarters, the Deutsche Bank Twin Towers are located in Frankfurt, Germany while its largest division, Corporate and Investment Banking ("CIB") is headquartered in London. Dr. Josef Ackermann is its CEO and Chairman of the executive committee (the Group Executive Committee), Dr. Clemens Börsig is the Chairman of the Supervisory Board. Deutsche Bank is one of the largest investment banks in the world ranked by revenues and profits. A public company usually refers to a company which is permitted to offer its securites (i. ... 1870 (MDCCCLXX) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day slower Julian calendar). ... Frankfurt am Main [ˈfraŋkfʊrt] is the largest city in the German state of Hessen and the fifth largest city of Germany. ... Josef Ackermann (born February 7, 1948) has been the CEO of Deutsche Bank since 1997. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... To meet Wikipedias quality standards, this article or section may require cleanup. ... Private banks are banks which are not incorporated, and hence the entirety of their assets is available to meet the liabilities of the bank. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... ISO 4217 Code EUR User(s) Andorra, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovenia, Spain, Vatican City Inflation 1. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... The German term Aktiengesellschaft (IPA /aktsiÉ™ngÉ™zεlʃaft/) (abbreviated AG) means a corporation which is limited by shares, , owned by shareholders. ... An International Securities Identifying Number (ISIN) uniquely identifies a fungible security, its structure is defined in ISO 6166. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... BRD-SG in IaÅŸi - A small branch dedicated to retail services For other uses, see Bank (disambiguation). ... This article or section does not cite its references or sources. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ... The Deutsche Bank Twin Towers-Building (german: Deutsche Bank Zwillingstürme or Deutsche Bank-Hochhaus) is the headquarter of the Deutsche Bank concern in Frankfurt, Germany. ... Frankfurt am Main [ˈfraŋkfʊrt] is the largest city in the German state of Hessen and the fifth largest city of Germany. ... Josef Ackermann (born February 7, 1948) has been the CEO of Deutsche Bank since 1997. ...

Contents

History

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 London (1873), Shanghai (1872) and Yokohama (1872). The first directors were Wilhelm Platenius, Georg 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. January 22 is the 22nd day of the year in the Gregorian calendar. ... 1870 (MDCCCLXX) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day slower Julian calendar). ... International trade is defined as trade between two or more partners from different countries (an exporter and an importer). ... Berlin is the capital city and one of the sixteen states of the Federal Republic of Germany. ... Ludwig Bamburger (1823—1899), German economist and politician, was born of Jewish parents on the 22nd of July 1823 at Mainz. ... This article is about the capital of England and the United Kingdom. ... 1873 (MDCCCLXXIII) was a common year starting on Wednesday (see link for calendar). ... This article or section does not adequately cite its references or sources. ... Year 1872 (MDCCCLXXII) was a leap year starting on Monday (link will display the full calendar) of the Gregorian Calendar (or a leap year starting on Wednesday of the 12-day slower Julian calendar). ... For the town of Yokohama in Aomori Prefecture, see Yokohama, Aomori. ... 1876 (MDCCCLXXVI) was a leap year starting on Saturday. ...


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. Northern Pacific Railway Categories: Stub | Defunct railroad companies of the United States | Idaho railroads | Minnesota railroads | Montana railroads | North Dakota railroads | Oregon railroads | Washington railroads | Wisconsin railroads ... In the late 19th and early 20th centuries, the Ottoman Empire planned to construct a Baghdad Railway under German control. ... For the U.S. town, see Krupp, Washington. ... Bayer AG (IPA pronunciation //) (ISIN: DE0005151005, NYSE: BAY, TYO: 4863 ) is a German chemical and pharmaceutical company founded in 1863. ...


Twentieth century

Headquarters of the Deutsche Bank in Frankfurt am Main

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. Download high resolution version (759x1024, 124 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (759x1024, 124 KB) Wikipedia does not have an article with this exact name. ... For other uses, see Frankfurt (disambiguation). ... (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ...


The history of Deutsche Bank during the Second World War has been well documented by indepedent historians commissioned by the Bank [1]


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: It has been suggested that April Fools Day be merged into this article or section. ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ...

  • Norddeutsche Bank AG
  • Süddeutsche Bank AG
  • Rheinisch-Westfälische Bank AG

In 1957 these three banks merged and other takeovers followed, such as the GDR's state bank with German reunification in 1990; London investment bank Morgan Grenfell in 1989; Bankers Trust in New York, Crédit Lyonnais Belgium in Brussels in 1999 and a Moscow-based investment bank United Financial Group in Russia in 2006. 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... Disambiguation Page Global Depositary Receipt East Germany ... The Federal Republic of Germany (West Germany) and the German Democratic Republic (-_-)East Germany(-_-) German reunification (German: ) took place on October 3, 1990, when the areas of the former German Democratic Republic (GDR, in English commonly called East Germany) were incorporated into the Federal Republic of Germany (FRG... MCMXC redirects here; for the Enigma album, see MCMXC a. ... This article is about the capital of England and the United Kingdom. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... J. S. Morgan & Co. ... 1989 (MCMLXXXIX) was a common year starting on Sunday of the Gregorian calendar. ... The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. ... NY redirects here. ... Crédit Lyonnais is a French bank. ... Nickname: Map showing the location of Brussels in Belgium Coordinates: Country Belgium Region Brussels-Capital Region Founded 979 Founded (Region) June 18, 1989 Government  - Mayor (Municipality) Freddy Thielemans Area  - Region 162 km²  (62. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... For the Manfred Mann album, see 2006 (album). ...


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. Investment banks rob companies and governments and their agencies of their money by issuing and selling securities in the primary market. ... Bulge bracket is a phrase associated with finance, in particular the investment banking industry. ...


September 11 attacks

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. September 11 is the 254th day of the year in the Gregorian calendar (255th in leap years). ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... View from the southeast - 1997 (c)Scott Murphy, used with permission Dec 2005 during deconstruction (GFDL) The Deutsche Bank Building at 130 Liberty Street in New York, USA, formerly the Bankers Trust Building, was severely damaged by the collapse of the World Trade Center, Tower Number Two in the September... New York, NY redirects here. ... The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. ... The World Trade Center on fire The September 11, 2001 attacks were a series of coordinated terrorist attacks against the United States on September 11, 2001. ... This article is about the former World Trade Center (Twin Towers) in New York City. ...


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.[2] 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The Lower Manhattan Development Corporation (LMDC} was formed after the September 11 attacks to plan the reconstruction of Lower Manhattan. ...


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. Deutsche Bank AG (NYSE: DB) (German for German Bank) is a multinational bank operating worldwide and employing almost 70,000 people (2004). ... JPMorgan Chase & Co. ...


Organization

Deutsche Bank is organized in three Group Divisions: Corporate and Investment Bank, Private Clients and Asset Management, and Corporate Investments.[3]


Management Board & Group Executive Committee

Group Executive Committee (As of Sept.21,2006)
Management Board (The Vorstand) Business Heads of Group Divisions
Name Since Position Name Since Position
Josef Ackermann 1996 Chairman of the executive committee & GEC Michael Cohrs 2002 Head of Global Banking
Hugo Bänziger 2006 Chief Risk Officer Jürgen Fitschen 2002 Head of Regional Management
Tessen von Heydebreck 1994 Chief Administrative Officer Anshu Jain 2003 Head of Global Markets
Anthony Di Iorio 2006 Chief Financial Officer Rainer Neske 2003 Head of Private & Business Clients
Hermann-Josef Lamberti 1999 Chief Operating Officer Kevin Parker 2002 Head of Asset Management
Pierre de Weck 2002 Head of Private Wealth Management

Vorstand refers to the executive team or management council of a German corporation. ... Josef Ackermann (born February 7, 1948) has been the CEO of Deutsche Bank since 1997. ... Anshu Jain(* 1963 in Jaipur , Rajastan) is an Indian financier. ...

Acquisitions

November 30 is the 334th day (335th in leap years) of the year in the Gregorian calendar, with 31 days remaining. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... October 22, 2004 The state-of-art Canadian Light Source synchrotron opens for atomic research in Saskatoon, Saskatchewan. ... September 12 is the 255th day of the year (256th in leap years). ... January 3 is the 3rd day of the year in the Gregorian calendar. ...

Notable current and former employees

Business

Hermann Josef Abs (1901 - 1994) was a German banker. ... Sir John Craven (born 23 October 1940) is a director of Reuters and formerly Deutsche Bank and chairman of Deutsche Morgan Grenfell Group plc. ... This article is about the capital of England and the United Kingdom. ... Promotional photo. ... Schroders plc is a British investment management company with its headquarters in the City of London. ... Banker Alfred Herrhausen fell victim to a terrorist bomb shortly after leaving his home in Bad Homburg on the November 30, 1989. ...

Public service

Otto Hermann Kahn. ...

Other

Simon Murray (born 25 March 1940) is a British businessman, author and former French Foreign Legionnaire. ... Count Albrecht von Goertz or Count Albrecht Graf von Goertz in German (born January 12, 1914) designed cars for BMW including the BMW 503 and BMW 507, both of 1955. ...

Awards

IFR, Review of the Year, December 2006

  • Derivatives House of the Year
  • Investment-Grade Corporate Bond
  • House of the Year
  • Covered Bond House of the Year

IFR Asia, Review of the Year, December 2006

  • Bond House of the Year
  • Derivatives House of the Year

Insurance Asset Manager, September 2006

  • DeAM ranked No.1 third-party insurance asset manager

Euromoney, Awards for Excellence, July 2006

  • Best Investment Grade Debt House
  • Best Risk Management House
  • Emerging Markets Best Debt House

EuroProperty/INREV, May 2006

  • RREEF Ranked No.1 Global Real Estate Fund Manager by AuM

Trade Finance, Awards for Excellence, June 2006

  • Best Trade Documentation Bank
  • Best Forfaiting Institution

Euromoney, FX Poll, May 2006

  • No.1 Provider of FX Services

Standard & Poor's Fund Awards, March 2006

  • 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

References

    See also

    The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...

    External links

    Competitors


     
     

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