Deutsche Bank
Some of the key events about Deutsche Bank
- 1870Founded as a foreign trade bank in Berlin to promote German exports
- 1876Opened its first overseas branch in London
- 1914Financed the construction of the Baghdad Railway, connecting Berlin to the Persian Gulf
- 1929Merged with its major domestic rival, Disconto-Gesellschaft
- 1933Participated in the "Aryanization" of Jewish-owned businesses during Nazi rule in Germany
- 1946Temporarily closed due to its involvement with the Nazi regime during World War II
- 1957Introduced the "Kleine Kredit" (small loan) program, making consumer credit widely available in Germany
- 1989Acquired Morgan Grenfell, a British merchant bank, expanding its investment banking capabilities
- 1999Acquired Bankers Trust, becoming a major player in the global investment banking market
- 1999Acquired Bankers Trust, leading to significant legal and regulatory issues
- 2001Implicated in a major money laundering scandal involving Russian clients
- 2002Listed its shares on the New York Stock Exchange
- 2008Involved in the subprime mortgage crisis, contributing to the global financial meltdown
- 2010Acquired Sal. Oppenheim, the largest private bank in Europe at the time
- 2015Fined $2.5 billion for its role in manipulating LIBOR interest rates
- 2016Reached a $7.2 billion settlement with the U.S. Department of Justice over toxic mortgage assets
- 2017Fined $630 million for involvement in Russian mirror trades, a money-laundering scheme
- 2019Announced a major restructuring plan to focus on corporate banking and reduce its investment banking operations
- 2019Raided by German authorities in connection with the Panama Papers money laundering investigation
- 2020Fined $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.
Deutsche Bank Latest news
French financial troubles put Euro stability to an unexpected test
UK businesses sound alarm as new tax changes threaten thousands of jobs
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UK growth hits bottom: Fresh look at economic ties raises eyebrows
Deutsche Bank warns: New tax changes could hit UK job market hard
French financial troubles put Euro stability to an unexpected test
Frances bond-market position weakens as government faces budget crisis and political deadlock. Markets signal growing doubt about the countrys status as a core EU economy member
UK businesses sound alarm as new tax changes threaten thousands of jobs
New budget changes bring massive employer costs starting next spring‚ with experts warning about job cuts. Business leaders report hiring freezes while economists predict significant workforce reductions
UK firms plan secret job moves to India as new budget hits businesses
British companies are quietly planning to move thousands of office jobs abroad after recent budget changes. New tax rates and wage rules starting next spring make UK-based positions too costly
UK growth hits bottom: Fresh look at economic ties raises eyebrows
Latest economic data shows UK struggling with second-worst G7 growth rates while per-capita numbers drop. Bank of England chief and Labour leaders suggest controversial solution that might not fix the problem
Deutsche Bank warns: New tax changes could hit UK job market hard
Deutsche Banks research shows upcoming national insurance changes might affect employment more than expected. New tax rules starting next spring could impact both jobs and prices in shops