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Deutsche Bank

Not to be confused with Deutsche Bundesbank, Deutsche Postbank, or Deutsche Bahn.

Deutsche Bank AG
Company typePublic (Aktiengesellschaft)
ISINDE0005140008
Industry
PredecessorBanco Alemán Transatlántico
Deutsche Unionbank
Flick Concern
Handel-Maatschappij H. Albert de Bary & Co
Norddeutsche Bank Edit this on Wikidata
Founded10 March 1870 (1870-03-10)
Founders
HeadquartersDeutsche Bank Twin Towers,
Frankfurt
,
Germany
Key people
Services
Private banking
RevenueIncrease €28.9 billion (2023)[2]
Increase €5.7 billion (2023)[2]
Decrease €4.9 billion (2023)[2]
AUMIncrease €896 billion (2023)[2]
Total assetsDecrease €1.31 trillion (2023)[2]
Total equityIncrease €64 billion (2023)[2]
Number of employees
90,130 (2023)[2]
Websitedb.com

Deutsche Bank AG (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ), sometimes referred to simply as Deutsche, or internally as DB, 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.

Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank.[3]: 580  Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998,[4] 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.[5] It is a component of the DAX stock market index and is often referred to as the largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Sparkassen-Finanzgruppe in terms of combined assets.

Deutsche Bank has been designated a global systemically important bank by the Financial Stability Board since 2011.[6] 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.[7][8]

According to a 2020 article in the New Yorker, Deutsche Bank had long had an "abject" reputation among major banks, as it has been involved in major scandals across various issue areas.[6]

  1. ^ Ewing, Jack (8 April 2018). "Deutsche Bank Replaces C.E.O. Amid Losses and Lack of Direction". The New York Times. Retrieved 8 April 2018.
  2. ^ a b c d e f g h "Annual Report 2023" (PDF). Deutsche Bank. Retrieved 16 March 2024.
  3. ^ Theo Balderston (1991), "German Banking between the Wars: The Crisis of the Credit Banks", Business History Review, 65 (3), Harvard College: 554–605, doi:10.2307/3116768, JSTOR 3116768, S2CID 154642962
  4. ^ "Acquisition of Bankers Trust Successfully Closed". Deutsche-bank.de. Retrieved 17 August 2011.
  5. ^ Deutsche Bank. "Deutsche Bank Location Finder". Deutsche Bank. Archived from the original on 26 May 2018. Retrieved 26 May 2018.
  6. ^ a b "The FinCEN Files Shed New Light on a Scandalous Episode at Deutsche Bank". The New Yorker. 23 September 2020. Retrieved 2 March 2022.
  7. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  8. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.