Deutsche Bank
| Deutsche Bank | |
|---|---|
| Founded | March 10, 1870 |
| Founders | Adelbert Delbrück Ludwig Bamberger |
| Headquarters | Frankfurt am Main, Germany |
| Industry | Banking and financial services |
| Stock symbol | FWB: DBK NYSE: DB |
| Products | Investment banking Commercial banking |
| Website | db.com |
Deutsche Bank AG is a German multinational banking and financial services company headquartered in Frankfurt am Main, Germany. Founded in Berlin in 1870, it grew to become Germany's largest banking institution and one of the most influential banks in international finance.[1]
The bank provides investment banking, commercial banking, asset management, wealth management, securities trading, and financial advisory services worldwide.[2]
History
Deutsche Bank was founded on March 10, 1870, in Berlin as a joint-stock bank for foreign trade. Its founders sought to reduce German dependence on British financial institutions and to facilitate trade between Germany and overseas markets.[3]
The bank rapidly expanded internationally, opening branches in Shanghai and Yokohama in 1872 and London in 1873.[4]
Following the Second World War, Deutsche Bank was reorganized and later re-established as a unified institution headquartered in Frankfurt am Main. During the late twentieth century it expanded significantly through international acquisitions and investment banking activities.[5]
International Finance
Deutsche Bank has played a major role in international capital markets, corporate finance, sovereign lending, foreign exchange markets, and global securities trading. The institution operates in Europe, the Americas, Asia, and other major financial centres throughout the world.[6]
The bank has historically maintained close involvement in international commerce and trade finance, reflecting the purpose stated by its founders in 1870.[7]
World Trade Center
Prior to the September 11, 2001 terrorist attacks, Deutsche Bank occupied offices in Four World Trade Center. The bank also owned the Deutsche Bank Building at 130 Liberty Street, adjacent to the World Trade Center complex, following its acquisition of Bankers Trust in 1998.[8]
The Deutsche Bank Building suffered extensive damage when the South Tower collapsed. Due to structural damage and contamination, the building was ultimately demolished between 2007 and 2011.[9]
See also
References
- ↑ Deutsche Bank, History of Deutsche Bank, https://www.db.com/who-we-are/history/history-of-deutsche-bank
- ↑ Deutsche Bank, History of Deutsche Bank, https://www.db.com/who-we-are/history/history-of-deutsche-bank
- ↑ Deutsche Bank Historical Institute, When and by whom was Deutsche Bank founded?, https://www.db.com/who-we-are/history/index
- ↑ Historical Association of Deutsche Bank, Locations, https://www.bankgeschichte.de/locations/
- ↑ Deutsche Bank, History of Deutsche Bank, https://www.db.com/who-we-are/history/history-of-deutsche-bank
- ↑ Deutsche Bank, History of Deutsche Bank, https://www.db.com/who-we-are/history/history-of-deutsche-bank
- ↑ Deutsche Bank Historical Institute, When and by whom was Deutsche Bank founded?, https://www.db.com/who-we-are/history/index
- ↑ Lists of Tenants in the World Trade Center (1973–2001).
- ↑ Deutsche Bank Building, 130 Liberty Street historical records.