Deutsche Bank (nonfiction)
Deutsche Bank AG (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Founded in 1870, the bank grew through multiple acquisitions, including Disconto-Gesellschaft in 1929, as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank, Bankers Trust in 1998, and Deutsche Postbank in 2010.
As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia.[4] It is a component of the DAX stock market index and is often referred to as the largest German banking institution, even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets.
Deutsche Bank has been designated a global systemically important bank by the Financial Stability Board since 2011. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
According to the New Yorker, Deutsche Bank has long had an "abject" reputation among major banks, as it has been involved in major scandals across different issue areas.
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In the News
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External links
- Deutsche Bank @ Wikipedia
Social media
- Post @ Twitter (15 November 2023)