What is Deutsche Bank?
Deutsche Bank is a global banking and financial services company. Its headquarters are in Frankfurt, Germany. It employs more than 100,000 employees in more than 70 countries and is one of the largest foreign exchange dealers in the world.
Where have you heard about Deutsche Bank?
You may have heard about Deutsche Bank in early 2017 when it agreed to a $7.2 billion settlement with the US Department of Justice over the sale of toxic mortgage securities that caused the 2007-8 financial crisis. The bank was also caught in a scandal in 2009 when it admitted that it had engaged in covert espionage on its critics from 2001 to at least 2007.
What you need to know about Deutsche Bank.
Deutsche Bank was first established in Berlin in 1870 and the name literally means 'German Bank'. Its core business is investment banking, which represents 50% of its equity. The financial products it offers include:
- Consumer banking
- Corporate banking
- Finance and insurance
- Investment banking
- Private banking
- Private equity
- Wealth management
- Credit cards
From 2002 to 2012 the bank underwent a period of transformation which moved if from a German-centric organization to a global investment bank.
Find out more about Deutsche Bank.
As a bank and financial services company, Deutsche Bank offers personal and corporate banking, mortgages, and insurance.