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| View all reviews for Banks | | Discuss Deutsche Bank | One of the largest banks in the world, Deutsche Bank Aktiengesellschaft provides investment banking products and services.
Germany’s biggest bank first opened its doors in Berlin in 1870, operating under a very specific motto: “to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets.
” By 1880, the bank was engaging in industrial investment activities, making deals across borders in Asia, Turkey and the Americas, and when it merged with Disconto-Gesellschaft in 1929–it was the biggest merger in German banking history. World War II nearly destroyed Germany’s financial services industry; Deutsche Bank was shut down by occupying Soviet forces in 1945. Its West Berlin operations were decentralized into 10 regional institutions, which were then combined into three joint-stock companies. In 1957, these three companies reunited, creating Deutsche Bank AG.
It operates in three divisions; Corporate and Investment Bank, Private Clients and Asset Management, and Corporate Investments. The Corporate and Investment Bank division engages in the origination, sale, finance, structure, and trade of fixed income, equity, equity-linked, convertible bond, foreign exchange, and commodities products for corporations, financial institutions and sovereigns, public sector and multinational organizations, and financial centers.
It also offers trade finance, cash management, trust, and securities services; provides mergers and acquisitions advice, general corporate finance advice, leveraged debt and equity origination services, and various credit products and financial services; and delivers capital-raising, investing, hedging, and financing solutions.
The Private Clients and Asset Management division provides portfolio/fund management products, such as active fund management, passive/quantitative fund management, alternative investments, and discretionary portfolio management; and investment advice, brokerage, and securities custody services. This division also offers deposit products, including current accounts, time deposits, and savings accounts; and payment, accounting, cash and non-cash payments processing and disposition, letters of credit, and guarantees, and other cash transactions.
The Corporate Investments division manages industrial holdings, private equity and venture capital investments, and private equity fund and corporate real estate investments. As of December 31, 2007, the company operated 1,889 facilities worldwide.
This post was submitted by Syamala.
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