Deutsche Bank

Deutsche Bank

Coordinates: 50°6′50″N 8°40′7″E / 50.11389°N 8.66861°E / 50.11389; 8.66861

Deutsche Bank AG
Type Aktiengesellschaft
Traded as FWB: DBK, NYSE: DB
Industry Banking, Financial services
Founded 1870
Headquarters Deutsche Bank Twin Towers, Taunusanlage 12
Frankfurt am Main, Hesse, Germany
Area served Worldwide
Key people Paul Achleitner (Chairman)
Juergen Fitschen (Co-CEO)
Anshuman Jain (Co-CEO)
Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
Revenue €33.2 billion (2011)
Operating income €5.61 billion (2011)
Profit €4.3 billion (2011)
Total assets €2.164 trillion (2011)
Total equity €2.4 billion (2011)
Employees 100,682 (2011)
Website www.db.com

Deutsche Bank AG (literally "German Bank"; ) is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt, Hesse, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent.

Deutsche Bank has offices in major financial centres including London, Madrid, Frankfurt, New York, Paris, Moscow, Amsterdam, Warsaw, Istanbul, Dublin, George Town, Cayman Islands, Toronto, Kuala Lumpur, São Paulo, Singapore, Hong Kong, Tokyo, Sydney, Dubai, Riyadh, Manila, Mumbai, Bangkok and Belgrade.

The bank offers financial products and services for corporate and institutional clients along with private and business clients. Services include sales, trading, research and origination of debt and equity; mergers and acquisitions (M&A); risk management products, such as derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking.

Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee is Josef Ackermann since May 2002. He agreed at the end of 2009 to continue as chief executive for another three years until 2013. On 26 July 2011, along with its second quarter earnings report, Deutsche Bank reported that Anshu Jain, head of investment banking and Juergen Fitschen, head of the German business, will replace Josef Ackermann as co-CEOs starting next year. Fears that Deutsche Bank could neglect its German roots and expand risk-taking activities prompted key members of the supervisory board to opt for the dual CEO model. Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).

Read more about Deutsche BankSpying Scandal, Housing Credit Bubble and CDO Market, European Financial Crisis, Performance, Management Structure, Structure, Notable Current and Former Employees

Other articles related to "deutsche bank, bank, banks":

Michael Cohrs
... coverage, commercial banking and global transaction banking businesses) at Deutsche Bank ... He retired from Deutsche Bank in September 2010 ... He was recruited by Deutsche Bank and played a leading role in building its corporate and investment bank ...
Banca Popolare Di Lecco
... Banca Popolare di Lecco (BPL) was a bank that operated in Lecco, in northern Lombardy in Italy between 1872 and 1993 ... In 1912 two other local banks failed, but Banca Popolare survived and converted from a cooperative society to a corporation ... The bank benefited from the expansion of war production during World War I ...
List Of Tenants In Four World Trade Center
6 Deutsche Bank 5 Deutsche Bank, Green Coffee Association 4 Deutsche Bank 2 ... — L Tony Gemelli's Restaurant Bar C The Mall at the World Trade Center ...
Controversy Surrounding The Rebuilding Of The World Trade Center - Debris and Clean-up
... Portions of the South Tower also damaged the nearby Deutsche Bank Building, which soon became filled with toxic dust ... By 2002, Deutsche Bank determined that its building was unsalvageable ... By January 2011, the Deutsche Bank Building was finally completely demolished ...

Famous quotes containing the word bank:

    on a May morwening upon Malverne hilles
    Me befel a ferly, of fairye me thoughte;
    I was wery ofwandred and wente me to reste
    Under a brod bank by a bournes side;
    And as I lay and lenede and lookede on the watres,
    I slomerede into a sleeping, it swyede so merye.
    William Langland (1330–1400)