Deutsche Bank

Warning: mkdir() [function.mkdir]: Permission denied in /home/webs/affiliatelib2/CacheManager.php on line 12

Warning: mkdir() [function.mkdir]: No such file or directory in /home/webs/affiliatelib2/CacheManager.php on line 12

Warning: fopen(/home/templatecore2cache//*cluesnet.com/56/56f8dbfde71a887d2857abf424e46b0e87d14eba.tc2cache) [function.fopen]: failed to open stream: No such file or directory in /home/webs/affiliatelib2/CacheManager.php on line 130

Warning: fwrite(): supplied argument is not a valid stream resource in /home/webs/affiliatelib2/CacheManager.php on line 131

Warning: fclose(): supplied argument is not a valid stream resource in /home/webs/affiliatelib2/CacheManager.php on line 132

{{Infobox_Company |company_name = Deutsche Bank AG | company_logo = ] | company_type = [Public company ({{nyse|DB-->)| company_slogan = "A Passion to Perform."| foundation = 1870| location = [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 | num_employees = 75,140 | industry = [Finance and Insurance | revenue = {{profit--> 41.708 billion [Euro (2005)| net income products = [Commercial Banking, [Investment Banking, [Private Banking, [Asset Management, [Mortgages| homepage = http://www.db.com www.db.com -->Deutsche Bank Aktiengesellschaft (International Phonetic Alphabet: See inogolo:how to pronounce Deutsche.) (, ) () is a bank operating worldwide and employing more than 75,000 people (June, 2007). Its headquarters, the Deutsche Bank Twin Towers, are located in Frankfurt am Main, Germany. Dr. Josef Ackermann is its CEO and Chairman of the Group Executive Committee), Dr. Clemens Börsig is the Chairman of the Supervisory Board. Deutsche Bank, ranked by revenues and profits, is one of the largest investment banks in the world.

Financial Data {| class="wikitable" border="3"|+ Financial data in euros millions ! Year! 2002! 2003! 2004! 2005! 2006|-----| Revenue net of interest]| 3 611| 3 098| 4 038| 7 032| 9 682|-----| [Net Results| 77 442| 67 682| 65 417| 63 427| 68 849

|} :::::Source :' OpesC

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 Shanghai, Yokohama (1872) and London (1873). The first directors were Wilhelm Platenius, Georg von 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.

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.

Twentieth century 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.

After Adolf Hitler came to power, instituting the Third Reich, Deutsche Bank dismissed its three Jewish board members in 1933. In subsequent years Deutsche Bank took part in the aryanization of Jewish-owned businesses: according to its own historians, the bank was involved in 363 such confiscations by November 1938. http://www.deutsche-bank.de/geschichte/en/html/index_c.htm] During the war, Deutsche Bank incorporated other banks that fell into German hands during the occupation of Eastern Europe. Deutsche provided banking facilities for the Gestapo and loaned the funds used to build the Auschwitz camp and the nearby IG Farben facilities. Deutsche Bank revealed its involvement in Auschwitz in February 1999. http://www.iht.com/articles/1999/02/05/berlin.t.php In December 1999 Deutsche, along with other major German companies, contributed to a $5.2 billion compensation fund following lawsuits brought by Holocaust survivors. http://treasurer.ca.gov/holocaust/germanbank.htm For a detailed account of Deutsche Bank's involvement with the Nazis see: Harold James The Nazi Dictatorship and the Deutsche Bank Cambridge University Press 2004, 296pp., ISBN 0-521-83874-6. The history of Deutsche Bank during the Second World War has been documented by independent historians commissioned by the Bank.

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:

Norddeutsche Bank AG
Süddeutsche Bank AG
Rheinisch-Westfälische Bank AG

In 1957 these three banks merged and other takeovers followed, such as London investment bank Morgan Grenfell in 1989; Bankers Trust in New York in 1998, Crédit Lyonnais Belgium in Brussels in 1999, Moscow-based investment bank United Financial Group in Russia in 2006 and the German norisbank and Berliner Bank in 2007.

In 1995 Deutsche Bank began the transformation from a commercial bank to an investment banking 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.

In 2006 the business in Germany became extended by the acquisition of the Berliner Bank and the Norisbank. Furthermore the Deutsche Bank started to offer financial services in Turkish language called 'Bankamiz' in its German branch banks in 2006.

Deutsche Bank is a member of the Global ATM Alliance, a joint venture of several major international banks that allows their customers to use their Automated teller machine card or check card at any other bank within the Global ATM Alliance at no fees. Members of the Global ATM Alliance are Barclays (United Kingdom), Bank of America (United States), BNP Paribas (France), China Construction Bank (China), Santander Serfin (Mexico), Scotiabank (Canada) and Westpac (Australia and New Zealand). "Five big banks form Global ATM Alliance", ATMmarketplace.com. January 9, 2002. Accessed June 22, 2007.

September 11th 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 September 11, 2001 Terrorist Attacks. Large pieces of debris from the World Trade Center hit the Deutsche Bank building, creating a large hole in its center and destroying its main entrance and lobby.

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.

Deutsche Bank relocated most of its NYC Area units to 60 Wall Street - acquired earlier in 2001 and formerly occupied by JPMorgan Chase & Co..

The skyscraper itself has been the subject of long court battles and concerns over toxic contamination. The ongoing discovery of remains of 2001 terror attack victims since it was damaged by the World Trade Center's south tower had stalled dismantling the building.

On August 18th, 2007 a seven alarm fire broke out around the 15th floor of the now-empty building on Liberty Street. Subsequently, 2 FDNY firefighters died of smoke inhalation, 5 other firefighters were injured. No civilians have been reported injured. The building is in the progress of being dismantled floor by floor due to the damage caused on 9/11.http://www.cnn.com/2007/US/08/18/nyc.fire/index.html

The Logo In July 1972, eight notable graphic artists were commissioned to create a new logo for Deutsche Bank that would unmistakably represent the company. From a choice of several brand designs, Deutsche Bank decided upon a symbol created by the now deceased painter and graphic artist from Stuttgart, Anton Stankowski: the “slash in a square”, as the construction was described. This logo fulfils Deutsche Bank's criteria:

With a simple yet striking form, the symbol has a high attention-provoking and recognition value.
The logo supports the identity of Deutsche Bank: the “slash” stands for consistent growth and dynamic development, the square-shaped frame can be interpreted as a sign of security and a controlled environment. In a nutshell, the logo stands for consistent growth in a secured environment.
It is striking, unmistakable and timeless
It can be used in all media.
The logo can be clearly recognised when reduced in size and at great distances.

The combination of the company name Deutsche Bank and the square-shaped logo constitute since 1974 the Deutsche Bank brand.

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

Management Board & Group Executive Committee {||border=0 cellpadding="2" cellspacing="1"! style="background:#FFDEAD" align="center" Rakesh Sangwan="6" |Group Executive Committee (As of Sept.21,2006)|-! style="background:#FFDEAD" align="center" colspan="3" |Management Board (Vorstand)! style="background:#FFDEAD" align="center" colspan="3" |Business Heads of Group Divisions'|-!style="background:#FFDEAD" |Name!style="background:#FFDEAD" |Since!style="background:#FFDEAD" |Position!style="background:#FFDEAD" |Name!style="background:#FFDEAD" |Since!style="background:#FFDEAD" |Position|-|style="background:#FFF8DC;" |Josef Ackermann|style="background:#FFF8DC;" align="center" |2002|style="background:#FFF8DC;" |Head of Global Banking|-|style="background:#FFF8DC;" |[Hugo Bänziger|style="background:#FFF8DC;" align="center" |2002|style="background:#FFF8DC;" |Head of Regional Management|-|style="background:#FFF8DC;" |[Anthony Di Iorio|style="background:#FFF8DC;" align="center" |2003|style="background:#FFF8DC;" |Head of Private & Business Clients|-|style="background:#FFF8DC;" |[Hermann-Josef Lamberti|style="background:#FFF8DC;" align="center" |2002|style="background:#FFF8DC;" |Head of Private Wealth Management|-|style="background:#FFF8DC;" ||style="background:#FFF8DC;" ||style="background:#FFF8DC;" align="center" ||style="background:#FFF8DC;" |[Anshu Jain|style="background:#FFF8DC;" align="center" |2003|style="background:#FFF8DC;" |Head of Global Markets|}

Acquisitions

Bankers Trust (Successfully Closed) 30 November 1998. Acquisition of Bankers Trust Successfully Closed

Berkshire Mortgage Finance October 22, 2004. Acquisition of Berkshire Mortgage Finance

Chapel Funding, now DB Home Lending September 12 Acquisition of Chapel Funding

MortgageIT Holdings January 3 Acquisition of MortgageIT Holdings

Notable current and former employees

Hermann Josef Abs - Deutsche Bank chairman (1957-67)
Sir John Craven - Financier in London
Michael Dobson - Head of Schroders
Alfred Herrhausen - Deutsche Bank chairman (1971-89)
Edson Mitchell - Head of Global Markets (1953-2000)

Public service

Masum Ahmed - Economist/Philanthropist
Otto Hermann Kahn - Philanthropist

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