Deutsche Bank

Categories: News | Companies
    • Founded: 1870
    • Annual Revenue: $101.19 Billion
    • Net Income: $7.9 Billion
    • Headquarters: Frankfurt, Germany
    • Staff: Approximately 78,200
    • Branches: 1,890, worldwide
    • CEO: Dr. Josef Ackermann
    • On May 7, 2007 shares closed at $158.81
    • On March 17, 2008 shares closed at $102.36
    • Fiscal Year Ends: December 31st

  • Deutsche Bank in an international bank with headquarters in Germany. Deutsche Bank operates in New York, London Moscow, Tokyo, Hong Kong and Sydney, AustraliaOfficial Site: About Us

  • Background

    Founded in Germany, in 1870, Deutsche Bank is divided in to three operating divisions. They are the Corporate and Investment Bank; Private Clients and Asset Management; and Corporate Investments. The most visible of these divisions is the Corporate and Investment Bank.

    The Investment Bank division is responsible for the origination, sale, financing, structuring, and trading of fixed income, equity, equity-linked products, convertible bonds, foreign exchange products and commodity products for and to businesses, corporations, financial institutions and governments, sovereign investment funds, the U.S. public sector, as well as multinational financial centers and other organizations as trading partners and as investment instruments.

  • Sub Prime Crisis

    As such the Investment Bank has been the public face of the institution during the Sub-Prime Crisis and other events of interest to the general public, investment communities and governments worldwide. The Investment Bank is also responsible for providing trade financing, cash management, trust & securities services, as well as providing advice on mergers and acquisitions.

  • New York Headquarters

    Deutsche Bank's U.S. headquarters is at 60 Wall Street in New York City. The bank was forced to move its headquarters after the former Deutsche Bank Building, at 130 Liberty Street, was destroyed in the September 11, 2001 attack on the World Trade Center. After more than three years of negotiations a settlement was finally reached with the building's insurers and ownership transferred to the Lower Manhattan Development Corporation, a joint New York City-New York State]] entity.

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