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Germany’s largest bank: Deutsche Bank (DB) (1870)

Deutsche Bank AG (FWB: DBK, NYSE: DB) was founded in 1870 and is headquartered in Frankfurt, Germany. It has 97,535 full-time employees. It is the world’s largest investment bank and the world’s number one foreign exchange dealer. Accounted for more than 15%.

Deutsche Bank DB logo

Deutsche Bank (DB):

Deutsche Bank is Germany’s largest bank and one of the world’s most important financial institutions, headquartered in Frankfurt am Rhein. Its shares are traded on all exchanges in Germany, and are listed in Paris, Vienna, Geneva, Basley, Amsterdam, London, Luxembourg, Antwerp and Brussels.

Deutsche Bank first entered China in 1872 and set up its first overseas office in Shanghai. In 2008, Deutsche Bank registered a corporate bank in China-Deutsche Bank (China) Co., Ltd. (“Deutsche Bank China”). Deutsche Bank China is a wholly-owned subsidiary of Deutsche Bank, headquartered in Beijing, and has branches in Beijing, Shanghai, Guangzhou, Tianjin, Chongqing and Qingdao. Deutsche Bank also has securities business representative offices in Beijing and Shanghai.

Deutsche Bank is divided into three departments to operate : Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management (DAM) . Business Encyclopedia :

1. CIB -This department provides financial market products, such as bonds, stocks and stock-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments and structured products. The department also provides commercial banking, mergers and acquisitions, debt and equity consulting and origination, and cash management services; trade finance and securities services.

2. PCB -This department provides payment and current account services, investment and insurance products, deposits and credit and financing products; mid-market related products; tailored wealth management and investment solutions, including discretionary portfolio management, investment advice , Currency and deposit services; start-up and structured financing; interest rate and currency management services; postal and non-bank services. The division also provides financing solutions such as real estate, warehouse and aircraft financing; mergers and acquisitions, pre-IPO, private placement, private and public investment solutions, structured loans, and trading and hedging products. In addition, the PCB sector provides wealth structure, wealth transfer and charity services.

3. DAM -invest in stocks, fixed income, liquidity, real estate, infrastructure, private equity and sustainable investment; and provide alpha and beta solutions.

As of December 31, 2017, Deutsche Bank has 2,425 branches in 60 countries around the world and is the world’s largest investment bank and foreign exchange dealer.

Deutsche Bank (DB) History:

  • On January 22, 1870, private banker Albert Delbruck and politician Ludwig Banxiangge founded Deutsche Bank in Berlin, Germany.
  • On March 10, 1870, Deutsche Bank obtained a banking license issued by the Prussian government.
  • In 1871, the Bremen branch of Deutsche Bank was completed;
  • In 1872, Deutsche Bank Hamburg branch was established;
  • In 1872, Deutsche Bank entered Shanghai and Yokohama;
  • In 1873, Deutsche Bank entered London;
  • Frankfurt branch established in 1886;
  • In 1889, the German bank syndicate led by Disconto-Gesellschaft and Deutsche Bank established the Deutsch-Asiatische Bank, which focuses on East Asian trade;
  • In 1892, the Munich branch was established;
  • In 1899, Deutsch-Asiatische Bank and Deutsche Bank assisted in the establishment of Shantung Railway Company, which subsequently developed rapidly in China: Hong Kong (1900), Jinan (1904), Beijing (1905), Guangzhou (1910);
  • In 1901, the Dresden and Leipzig branches were established;
  • In the spring of 1914, Deutsche Bank became the largest bank in the world;
  • In 1917, many branches of Deutsch-Asiatische Bank in China were forcibly liquidated by the Chinese government;
  • In 1929, Deutsche Bank expanded rapidly and merged with a local bank to form Deutsche Bank und Disconto Gesellschaft, which was the largest bank merger case at that time;
  • In 1952, Deutsche Bank resumed its ties with the newly established People’s Republic of China;
  • With the fall of the Third Reich, Deutsche Bank was split into ten regional banks on April 1, 1948 after the war. After continuous mergers, it became three major banks in 1952: Süd Bank AG ( Süddeutsche Bank AG, Norddeutsche Bank AG, Rheinisch-Westfälische Bank AG;
  • In 1957, the three banks merged again;
  • From 1958 to 1960, Deutsche Bank entered Greater China and established a Hong Kong branch;
  • In 1959, Deutsche Bank intervened in retail banking business by issuing small loans;
  • In the 1970s, the bank developed internationally and established branches in Milan, Moscow, London, Paris and Tokyo;
  • In 1981, Deutsche Bank Beijing Representative Office was established;
  • In 1989, the acquisition of Morgan Griffith, an investment bank in London, marked the beginning of Deutsche Bank’s entry into the field of investment banking;
  • In 1990, Germany was reunified and the National Bank of the GDR was merged into Deutsche Bank;
  • In 1993, Deutsche Bank Guangzhou Branch was established;
  • In 1995, the Shanghai representative office was opened;
  • On November 30, 1998, the Bank of Trust of New York was acquired;
  • In 1999, the Credit Lyon Bank in Brussels was merged;
  • In 2002, Deutsche Bank acquired Rued Blass & Cie;
  • In 2005, Deutsche Bank successively acquired Norisbank, Berliner Bank and Postbank to consolidate its domestic market;
  • On November 30, 2005, it became a shareholder of 13.7% of Hua Xia Bank;
  • In 2006, it acquired the Russian investment bank United Finanncial Group;
  • On September 12, 2008, it acquired 29.95% of the shares of Deutsche Post Bank;
  • On October 28, 2009, it bid 1.3 billion euros to acquire the private bank Sal. Oppenheim Group;
  • In March 2010, Deutsche Bank Tianjin Branch opened;
  • On May 6, 2010, Deutsche Bank once again spent 5.595 billion yuan to acquire 515 million shares of Hua Xia Bank, thus directly and indirectly holding 19.99% of Hua Xia Bank;
  • On September 13, 2010, Deutsche Bank acquired the remaining 70% equity of Post Bank at a price of 24 to 25 euros per share in cash;
  • In October 2011, Deutsche Bank was officially listed on the New York Stock Exchange;
  • In 2012, Deutsche Bank purchased Scudder Investments;
  • On September 4, 2013, Deutsche Bank (China) Co., Ltd. (Deutsche Bank China) Qingdao Branch officially opened;
  • In April 2014, the Federal Deposit Insurance Corporation (FDIC) sued the world’s 16 largest banks, accusing them of suspicion of manipulating the London Interbank Offered Rate (LIBOR), including Deutsche Bank;
  • On March 16, 2015, Kohlberg Kravis Roberts & Co. ( Kohlberg Kravis Roberts & Co. , commonly referred to as KKR) and a consortium of Deutsche Bank spent US$6.3 billion to acquire the consumer loan business of General Financial Australia and New Zealand;
  • On June 7, 2018, Deutsche Bank announced that it was discussing matters related to the merger of Commerzbank .

Deutsche Bank (DB) investment:

Banking stocks are recommended to pay attention to : Wells Fargo &  Citibank , investment bank recommendations also pay attention to : JP Morgan Chase &  Morgan Stanley , non-bank financial recommendations to pay attention : American Express , Visa and Mastercard .

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