[6][7] It subsequently played a large part in developing Germany's industry, as its business model focused on providing finance to industrial customers. [32] These regional banks were later consolidated into three major banks in 1952: Norddeutsche Bank AG; Süddeutsche Bank AG; and Rheinisch-Westfälische Bank AG. Learn more about how Statista can support your business. Please create an employee account to be able to mark statistics as favorites. The renovation took approximately three years to complete. [35] At the time, Deutsche Bank owned a 12% stake in DaimlerChrysler but United States banking laws prohibit banks from owning industrial companies, so Deutsche Bank received an exception to this prohibition through 1978 legislation from Congress.[35]. [62], In January 2014, Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013. CS1 maint: multiple names: authors list (. ", "Imagining the Unthinkable. In addition to the payment, the bank will install an independent monitor, fire six employees who were involved in the incident, and ban three other employees from any work involving the bank's US-based operations. [123][124][125][126][127] On 29 April 2019, President Donald Trump, his business, and his children Donald Trump Jr., Eric Trump, and Ivanka Trump sued Deutsche Bank and Capital One bank to block them from turning over financial records to congressional committees that have issued subpoenas for the information. It was estimated that the sum of money in the tax evasion scandal might have been as high as €850 million. Maximilian Müller-Jabusch, 50 Jahre Deutsch-Asiatische Bank 1890–1939, Berlin 1940. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank's wealth management division, has resigned, effective Dec. 31, Vrablic and Deutsche Bank said Tuesday. As regards the Gemstone VII deal, even as Deutsche was creating and selling it to investors, Lippman emailed colleagues that it 'blew', and he called parts of it 'crap' and 'pigs' and advised some of his clients to bet against the mortgage securities it was made of. The company is a universal bank with three major divisions: the Private & Commercial Bank, the Corporate & Investment Bank (CIB), and Asset Management (DWS). [24], After Adolf Hitler came to power, instituting the Third Reich, Deutsche Bank dismissed its three Jewish board members in 1933. Two Deutsche Bank employees responsible for lending to President Donald Trump and his son-in-law, Jared Kushner, have resigned. In the 1970s, the bank pushed ahead with international expansion, opening new offices in new locations, such as Milan (1977), Moscow, London, Paris, and Tokyo. Its shares are traded on the Frankfurt Stock Exchange and, since 2001, also on the New York Stock Exchange and are included in various indices, including the DAX and the Euro Stoxx 50. 554 reviews from Deutsche Bank employees about Deutsche Bank culture, salaries, benefits, work-life balance, management, job security, and more. Profit from additional features by authenticating your Admin account. Historische Gesellschaft der Deutschen Bank (ed. The bank developed, owned, and operated the Cosmopolitan of Las Vegas, after the project's original developer defaulted on its borrowings. [54], Deutsche was also involved with Magnetar Capital in creating its first Orion CDO. Then you will be able to mark statistics as favourites and use personal statistics alerts. [41] Meanwhile, in Europe, Deutsche Bank increased its private-banking business by acquiring Rued Blass & Cie (2002) and the Russian investment bank United Financial Group (2005) founded by the United States banker Charles Ryan and the Russian official Boris Fyodorov which followed Anshu Jain's aggressive expansion to gain strong relationships with state partners in Russia. It concluded that even as the market was collapsing in 2007, and its top global CDO trader was deriding the CDO market and betting against some of the mortgage bonds in its CDOs, Deutsche bank continued to churn out bad CDO products to investors. It is … Please do not hesitate to contact me. The Disastrous Consequences of a Euro Crash", "Deutsche Bank Said to Be Ordered by EU to Close $1.7 Billion Capital Gap", "Deutsche Bank reports core capital ratio of 11.9% despite 2016 full-year net loss of EUR 1.4 billion – Newsroom", "When Deutsche Bank sneaks out its results on a Sunday night, they can't be good", "Deutsche Bank Plans to Eliminate Dividend for Two Years in Overhaul", "Deutsche Bank cutting 15,000 jobs as new CEO sets out strategy plan", "Deutsche Bank appoints John Cryan to succeed Jürgen Fitschen and Anshu Jain", "Jain Era Ending as Deutsche Bank Appoints Cryan for Top Job", "Deutsche Bank reports preliminary full year and fourth quarter 2015 results – Newsroom", "Can Cryan halt Deutsche Bank's decline? Register in seconds and access exclusive features. Deutsche Bank AG told its New York City employees that they can continue working from home until mid-2021, in contrast to rival banks that are seeking to return staffers to offices. Manfred Pohl, Deutsche Bank Buenos Aires 1887–1987, Mainz (v. Hase & Koehler) 1987. At the time of the agreement, Deutsche Bank was still facing investigations into the alleged manipulation of foreign exchange rates, suspicious equities trades in Russia, as well as alleged violations of U.S. sanctions on Iran and other countries. [57] Ben-Artzi claims that after modelling came up with "economically unfeasible" results, Deutsche accounted for the gap option first with a simple 15% "haircut" on the trades (described as inadequate by another employee in 2006) and then in 2008 by a $1–2bn reserve for the credit correlation desk designed to cover all risks, not just the gap option. You need at least a Single Account to use this feature. Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. [97] According to the Wall Street Journal, the bank's legal department was involved in the scheme along with its corporate security department. This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Two Deutsche Bank employees were asked by prosecutors about how the bank makes lending decisions. Corporate & Investment Bank (+122; +0.7 %) driven by CIB related infrastructure functions partly related to insourcing of business critical external roles;Private & Commercial Bank (−1,584; −3.5 %) driven by reductions primarily in Germany and in western European countries;Deutsche Asset Management (−86; −2.2 %) particularly a result of the divestment of Sal Oppenheim in Luxembourg; Deutsche Bank provided banking facilities for the Gestapo and loaned the funds used to build the Auschwitz camp and the nearby IG Farben facilities.[29]. Russian criminals with links to the Kremlin, the … The bank's business model rests on three pillars – the Corporate & Investment Bank (CIB), the Private & Commercial Bank and Asset Management (DWS). Since 2012, Deutsche Bank had paid more than €12 billion for litigation, including a deal with U.S. mortgage-finance giants Fannie Mae and Freddie Mac. [109] The bank is still under investigation by the US Justice Department and NYDFS into possible sanctions violations relating to the 2014–15 Ukrainian crisis and its activities within Russia. [94], Deutsche Bank in general as well as specific employees have frequently figured in controversies and allegations of deceitful behavior or illegal transactions. Deutsche lost money on START, as it did on Gemstone. The 2011 US Senate Permanent Select Committee on Investigations report on Wall Street and the Financial Crisis analyzed Deutsche Bank as a case study of investment banking involvement in the mortgage bubble, CDO market, credit crunch, and recession. This series of acquisitions was closely aligned with the bank's strategy of bolt-on acquisitions in preference to so-called "transformational" mergers. These formed part of an overall growth strategy that also targeted a sustainable 25% return on equity, something the bank achieved in 2005. This statistic is not included in your account. Deutsche Bank. Lippman's group made money off of these bets, even as Deutsche overall lost money on the CDO market. Employees are key because our people make Deutsche Bank what it is. [33], In 1989, the first steps towards creating a significant investment-banking presence were taken with the acquisition of Morgan, Grenfell & Co., a UK-based investment bank. In all incidents, the activities arose out of certain mandates performed by external service providers on behalf of the Bank's Corporate Security Department. [136] The loans had been subject to a criminal investigation by special counsel Robert Mueller in his investigation of the president's 2016 campaign involvement in Russian election meddling. Since the 2008 crisis, which shook the foundations of financial system, Deutsche Bank has been going through a constant crisis, having to deal with the great challenge of balancing its finances to survive. ", Deutsche Bank, Number of employees at Deutsche Bank worldwide from 2006 to 2019 Statista, https://www.statista.com/statistics/262691/number-of-employees-at-deutsche-bank-since-2006/ (last visited December 24, 2020), Number of employees at Deutsche Bank worldwide from 2006 to 2019, Leading foreign exchange trading services worldwide 2020, by market share, Income before income taxes at Deutsche Bank 2019, Net income/loss of Deutsche Bank 2015-2020, Net interest income of Deutsche Bank 2006-2019, Shareholders equity at Deutsche Bank 2006-2019, Number of branches of Deutsche Bank worldwide 2010-2019, Deutsche Bank: number of employees globally 2006-2019, Employee compensation and benefits at Deutsche Bank 2006-2019, Number of Deutsche Bank shareholders 2006-2019, Shareholder structure at Deutsche Bank 2006-2019, Post-tax return on average tangible shareholders' equity at Deutsche Bank 2006-2019, Credit exposure of Deutsche Bank 2019, by region, Largest European ETP providers 2018, by assets, Market penetration of banks for German large corporations in 2020, Leading financial advisors to U.S. M&A 2019, by deal value, Number of Deutsche Bank customers 2012-2014, by segment, Commissions and fee income at Deutsche Bank 2006-2019, U.S. White full-time wage and salary workers - weekly earnings 1979-2018, U.S. female full-time wage and salary workers - Weekly earnings by age 2018, Full-time equivalent employees in the media market in Denmark from 2008-2014, U.S. wage and salary employment: distribution by gender and occupation 2018, African American full-time wage and salary workers - weekly earnings U.S. 1979-2019, Private bachelor's institution employees in the U.S. 2000 and 2012, Private master's institution employees in the U.S. 2000 and 2012, Female wage and salary workers in the U.S.: hourly earnings 1979-2018, U.S. male wage and salary workers - inflation adjusted weekly earnings 1979-2018, Private research institution employees in the U.S. in 2000 and 2012, U.S. wage and salary workers: change in weekly earnings by gender/education 2019, Hispanic wage and salary workers in the U.S.: weekly earnings 1979-2018, U.S. female wage and salary workers - inflation adjusted weekly earnings 1979-2018, Italy: average monthly net salary of employees in 2016, by sector, Number of full-time wage workers in the tourism sector Egypt 2015, by gender, Number of employees of Kate Spade worldwide 2014-2016, Freshwater fish processing: employees involved in the United Kingdom (UK) 2008-2014, Number of salary employees and self-employed tourism sector Saudi Arabia 2009-2019, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. [97] According to the Wall Street Journal, Deutsche Bank had prepared a list of names of people who it wanted investigated for criticism of the bank, including Michael Bohndorf (an activist investor in the bank), Leo Kirch (a former media executive in litigation with the bank), and the Munich law firm of Bub Gauweiler & Partner, which represented Kirch. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}50°6′50″N 8°40′7″E / 50.11389°N 8.66861°E / 50.11389; 8.66861. [105] However, no individuals will be charged with criminal wrongdoing. 20, 2008", "Bank of Cyprus Funded and Controlled by Ex-KGB, Billionaires and Controversial Former Financiers", "Big German Bank, Key to Trump's Finances, Faces New Scrutiny", "Scudder PIC joins Deutsche Bank's private banking", "Is Donald Trump's Dark Russian Secret Hiding in Deutsche Bank's Vaults? The two financial companies involved are Deutsche Bank and the insurance brokerage company, Aon. It also maintained a branch in Istanbul, Turkey. You need a Single Account for unlimited access. In 2015, Deutsche Bank agreed to pay fines worth $258 million for doing business with U.S.-sanctioned countries including Iran, Syria, Libya, Sudan and Myanmar, according to DW. In 2005, Deutsche Bank sold its stake in the joint company to Commerzbank.[87]. As of September 2017 it stands at 11.9%. This came after analysts had predicted a profit of nearly €600 million, according to FactSet estimates. [119] As of March 2019[update], Deutsche Bank's relationship with Trump was reportedly also under investigation by two U.S. congressional committees and by the New York attorney general. The principal findings by the law firm, published in July 2009,[99] found four incidents that raised legal issues, such as data protection or privacy concerns. [32], In 1959, the bank entered retail banking by introducing small personal loans. [96], From as late as 2001 to at least 2007, the bank engaged in covert espionage on its critics. [100] BaFin found deficiencies in operations within Deutsche Bank's security unit in Germany but found no systemic misconduct by the bank. [97] The bank has since hired Cleary Gottlieb Steen & Hamilton, a New York law firm, to investigate the incidents on its behalf. ", "HNA Group, Secretive Chinese Conglomerate, Takes Top Stake in Deutsche Bank", "Deutsche Bank offices raided in connection with Panama Papers", "Deutsche Bank CEO Signals More Cuts to Investment Bank", "Deutsche Bank, in a Last-Ditch Effort to Stop Its Spiral, Could Lay Off 20,000", "Deutsche Bank Plans to Cut as Many as 20,000 Jobs in Revamp", "Deutsche Bank Discusses Lower Capital Buffer With Regulators", "Deutsche Bank starts cull of 18,000 jobs", "Deutsche Bank starts cutting London jobs with 18,000 at-risk worldwide", "Deutsche Bank Cuts Investment Bank Bonuses About 30%", "Neue Führung: Christian Sewing wird Chef der Deutschen Bank", "Jürgen Fitschen to Stay With Deutsche Bank in New Role", "Former Deutsche Bank boss Anshu Jain takes up new role at Cantor Fitzgerald", "Der Außenminister, der Kanzler-Neffe und Mr. [10], The bank's first domestic branches, inaugurated in 1871 and 1872, were opened in Bremen[11] and Hamburg. Flitter, Emily; Enrich, David (15 April 2019). By 2009 the entire CDO was almost worthless and the investors (including Deutsche Bank itself) had lost most of their money. The Deutsche Bank Building in Lower Manhattan, formerly Bankers Trust Plaza, was heavily damaged by the collapse of the South Tower of the World Trade Center in the September 11, 2001, terrorist attacks. [58], For the 2008 financial year, Deutsche Bank reported its first annual loss in five decades,[59] despite receiving billions of dollars from its insurance arrangements with AIG, including US$11.8 billion from funds provided by US taxpayers to bail out AIG. [53], Deutsche Bank was one of the major drivers of the collateralized debt obligation (CDO) market during the housing credit bubble from 2004 to 2008, creating about $32 billion worth. [26], Following Germany's defeat in World War II, the Allied authorities, in 1948, ordered Deutsche Bank's break-up into regional banks. [42][44][a] Later, in 2008, to establish VTB Capital, numerous bankers from Deutsche Bank's Moscow office were hired by VTB Capital. Read reviews on salaries, working hours, work culture, office environment, and more to know if Deutsche bank is the right company for you. [69], Six former employees were accused of being involved in a major tax fraud deal with CO2 emission certificates, and most of them were subsequently convicted. Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the New York Stock Exchange and the Frankfurt Stock Exchange. The company's headquarters, the Deutsche Bank Twin Towers building, was extensively renovated beginning in 2007. For a detailed account of Deutsche Bank's involvement with the Nazis see: Harold James. [citation needed], During the Annual General Meeting in May 2019, CEO Christian Sewing said he was expecting a "deluge of criticism" about the bank's performance and announced that he was ready to make "tough cutbacks"[72] after the failure of merger negotiations with Commerzbank AG and weak profitability. In 2019, Deutsche Bank had 87,597 employees worldwide. Please authenticate by going to "My account" → "Administration". ), Die Deutsche Bank in Frankfurt am Main, Munich, Zurich (Piper) 2005. Deutsche Bank released a statement confirming it would "cooperate closely with prosecutors". In a Libor first, Deutsche Bank will be required to install an independent monitor. The bank agreed to pay $258 million in settlements. [132], The New York Times reported in May 2019 that anti-money laundering specialists in the bank detected what appeared to be suspicious transactions involving entities controlled by Trump and his son-in-law Jared Kushner, for which they recommended filing suspicious activity reports with the Financial Crimes Enforcement Network of the Treasury Department, but bank executives rejected the recommendations. "[69], Since May 2017, its biggest shareholder is Chinese conglomerate HNA Group, which owns 10% of its shares. facts. [148], On 20 July 2018, Deutsche Bank agreed to pay nearly $75 million to settle charges of improper handling of "pre-released" American depositary receipts (ADRs) under investigation of the U.S. Securities and Exchange Commission (SEC). A paid subscription is required for full access. It was required to dismiss all employees who were involved with the fraudulent transactions. Some of the witnesses have appeared … Total market capital (US$ billion) across the top 70 banks by country Rank Country Number Total Market Cap (US$ billion) [56] One of them claims that "If Lehman Brothers didn't have to mark its books for six months it might still be in business, and if Deutsche had marked its books it might have been in the same position as Lehman."[57]. The renovated building was certified LEED Platinum and DGNB Gold. One of our Born to Be highlights in the US is our long-standing partnership with StreetWise, where Deutsche Bank employees provide volunteer leadership and mentorship to CUNY community college students. It worked with Elliot Advisers on one of them; Elliot bet against the CDO even as Deutsche sold parts of the CDO to investors as good investments. ... More importantly, the bank reskilled employees and created a … The private bankers to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said. When Deutsche Bank was first organized in 1870 there was no CEO. Deutsche continued to build up its presence in Italy with the acquisition in 1993 of Banca Popolare di Lecco from Banca Popolare di Novara for about $476 million. A Century of Deutsche Bank in Turkey, Istanbul 2008, pp. [25] In subsequent years, Deutsche Bank took part in the aryanization of Jewish-owned businesses; according to its own historians, the bank was involved in 363 such confiscations by November 1938. [57] In October 2008 they stopped modelling the gap option and just bought S&P put options to guard against further market disruption, but one of the whistleblowers has described this as an inappropriate hedge. [54], The report focused on one CDO, Gemstone VII, made largely of mortgages from Long Beach, Fremont, and New Century, all notorious subprime lenders. By the mid-1990s, the buildup of a capital-markets operation had got underway with the arrival of a number of high-profile figures from major competitors. By the end of 2022, the bank plans to reduce the number of full-time jobs by around 18,000 employees, to 74,000 worldwide. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Credit: AP/Mark Lennihan Then you can access your favorite statistics via the star in the header. "Number of Employees at Deutsche Bank Worldwide from 2006 to 2019. As portrayed in The Big Short, Lipmann in the middle of the CDO and MBS frenzy was orchestrating presentations to investors, demonstrating his bearish view of the market, offering them the idea to start buying CDS, especially to AIG in order to profit from the forthcoming collapse. Lippman called the CDO market a 'ponzi scheme', but also tried to conceal some of his views from certain other parties because the bank was trying to sell the products he was calling 'crap'. In 1972, the bank created the world-known blue logo "Slash in a Square" – designed by Anton Stankowski and intended to represent growth within a risk-controlled framework. [4] As of 2017–2018, Deutsche Bank was the 21st largest bank in the world by total assets. In October 2001, Deutsche Bank was listed on the New York Stock Exchange. [106], On 5 November 2015, Deutsche Bank was ordered to pay US$258 million (€237.2 million) in penalties imposed by the New York State Department of Financial Services (NYDFS) and the United States Federal Reserve Bank after the bank was caught doing business with Burma, Libya, Sudan, Iran, and Syria, which were under US sanctions at the time. [105][104] The size of the fine reflected the breadth of wrongdoing at Deutsche Bank, the bank's poor oversight of traders, and its failure to take action when it uncovered signs of abuse internally. [21][22], The bank merged with other local banks in 1929 to create Deutsche Bank and Disconto-Gesellschaft. [71], AUTO1 FinTech is a joint venture of AUTO1 Group, Allianz and Deutsche Bank. A relationship between Bowers's responsibilities and apparent suicide has not been established; the Los Angeles County Medical Examiner – Coroner has closed the case, giving no indication to wrongdoing by third parties. [151][152] Deutsche Bank helped raise $1.2 billion for the 1MDB in 2014. Its investment banking operations often command substantial deal flow. Executives told me it has become a bit harder to win assignments from public institutions, like government-­employee pension plans. Deutsche Bank had 1,931 branches worldwide and employed 87,597 people in ... Deutsche Bank: number of employees globally 2006-2019. Deutsche also worked with John Paulson, of the Goldman Sachs Abacus CDO controversy, to create some START CDOs. In the 1980s, this continued when the bank paid U$603 million in 1986 to acquire Banca d'America e d'Italia. Investigating Deutsche Bank's Dealings With Malaysian Fund 1MDB", "Deutsche Bank Caught Up in Scandal Over Malaysian 1MDB Fund", "Acquisition of Bankers Trust Successfully Closed", "Deutsche Asset & Wealth Management – Real Estate Investment Management", "Deutsche Bank to acquire RREEF for $490 million", "interstitials | Business solutions from", Documents and clippings about Deutsche Bank, BNP Paribas Corporate & Institutional Banking, Crédit Agricole Corporate & Investment Bank, The Bank of New York Mellon, Frankfurt Branch, https://en.wikipedia.org/w/index.php?title=Deutsche_Bank&oldid=995620180, Companies listed on the New York Stock Exchange, Companies listed on the Frankfurt Stock Exchange, Financial services companies established in 1870, Investment management companies of Germany, Systemically important financial institutions, Banks under direct supervision of the European Central Bank, Multinational companies headquartered in Germany, Articles containing Russian-language text, Wikipedia articles incorporating a citation from the Encyclopedia Americana with a Wikisource reference, Wikipedia articles incorporating text from Encyclopedia Americana, Short description is different from Wikidata, Articles containing potentially dated statements from 2017, All articles containing potentially dated statements, Articles with unsourced statements from November 2019, Articles with unsourced statements from August 2015, Articles with unsourced statements from December 2020, Articles containing potentially dated statements from December 2017, Articles containing potentially dated statements from March 2019, Articles with unsourced statements from February 2020, Wikipedia articles with SUDOC identifiers, Wikipedia articles with Trove identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Chairman of the Supervisory Board of Deutsche Bank AG, Deputy Chairman of the Supervisory Board of Deutsche Bank AG, Spokesperson of the Management and Head of the Market Region Bremen, Founder and Managing Partner of Eachwin Capital, Head of national working group Banking, trade union ver.di. Deutsche Bank itself was not convicted due to an absence of corporate liability laws in Germany. The disclosed information is derived from the IFRS Group accounts of Deutsche Bank. [30][31] The history of Deutsche Bank during the Second World War has since been documented by independent historians commissioned by the Bank. Deutsche Bank | 1,269,925 followers on LinkedIn. According to the bank's own statistics the credit risks in these countries are about €18 billion (Italy) and €12 billion (Spain). Deutsche Bank didn't admit or deny the investigation findings but agreed to pay disgorgement of more than $44.4 million in ill-gotten gains plus $6.6 million in prejudgment interest and a penalty of $22.2 million. ", "Former MI6 chief Richard Dearlove says Donald Trump borrowed money from Russia during 2008 financial crisis: Days before taking office, Mr Trump said Russia had never had any 'levarage' over him", "Сын главы ВТБ Андрей Костин разбился на квадроцикле: 32-летний банкир погиб на отдыхе в Ярославской области", "Погиб на трезвую голову: В ДТП погиб сын президента ВТБ Андрей Костин", "Putin Pushing Russian Banks Points 'Two Tanks' at Western Firms", "Inside the White House's Quiet Campaign to Create a Supreme Court Opening", "A shocking report just revealed disturbing secret relationship between Trump and Justice Kennedy's son", "Deutsche Bank examined Donald Trump's account for Russia links", "Deutsche Bank's Rosemary Vrablic and Private Banking's Link to CRE Finance", "Unprofitable Vegas casino sold by Deutsche Bank for $1.73 billion", "Levin–Coburn report on Wall Street and the Financial Crisis", "Deutsche Bank Settles with US Shareholders", "Deutsche hid up to $12bn losses, say staff", "Deutsche Bank: Show of strength or a fiction? Deutsche Bank employees had devised strategies to get around the sanctions and carry out transactions worth roughly $10.9 billion. The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia. [76][77], It was reported in January 2020 that Deutsche Bank had decided to cut the bonus pool at its investment branch by 30% following restructuring efforts.[78]. This wasn't limited to a few individuals but, on certain desks, it appeared deeply ingrained. One Employed 14,000 Persons", "Deutsche Bank Admits It Helped Hitler : Confronting a Dark Past", "A Lawsuit Will Determine the Fate of 2 Picassos", "Deutsche Bank Linked To Auschwitz Funding", "Bank Giant: The Overview; Deutsche Gets Bankers Trust for $10 Billion", "Company News; Deutsche Bank Announces Big Expansion in Italy", "The Deutsche Bank building: Tombstone at Ground Zero – Mar. New, Everything you need to know about the industry development, Find studies from all around the internet. "Number of employees at Deutsche Bank worldwide from 2006 to 2019." You only have access to basic statistics. Deutsche Bank put risky assets into the CDO, like ACE 2006-HE1 M10, which its own traders thought was a bad bond. The renovated building was certified LEED Platinum and DGNB Gold ] this was the first NYSE after. Acquisitions was closely aligned with the needs of clients and the wider economy Bank U... Bank worldwide from 2006 to 2019 [ Graph ] people in... Deutsche Bank employees had strategies... Asia and key emerging markets the beginning of a New period of expansion at Deutsche Bank 's security in! Bank… are you interested in testing our corporate solutions issued a statement addressing criticism. Concentration then under way in the joint company to Commerzbank. [ ]! Concluded its investigation and submitted its report, which its own group of bad CDOs called START Bank confirmed that... China, Munich, Zurich ( Piper ) 2001 a drop from the DBALT 2006 series scandal have! World by total assets ) 2008 its U.S. presence when it purchased Scudder.. To be programs reached some 460,000 children and young people via 122 projects in 25.... Risk of Deutsche taking large losses if the collateral was wiped out in vast! A joint venture of AUTO1 group, Allianz and Deutsche Bank by the public Prosecutor 's Office in Frankfurt (! The merger of Daimler and Benz currently the company with the financial documents of the board represented. Employees responsible for lending to President Donald Trump and his businesses had dozens of through! This continued when the Bank 's strategy of bolt-on acquisitions in preference so-called... Be notified via e-mail Bank Aktien-Gesellschaft, Berlin 1940 54 ], Deutsche Bank and corporate banking.! Bank formed alliances with large regional banks, giving itself an entrée into 's. Had created but could not sell, from the DBALT 2006 series on deutsche bank employees by country speaker of 1890s... An employee account to be able to mark statistics as favorites spain Italy. The investors ( including Deutsche Bank released a statement addressing the criticism it received from various environmental groups $... Stake, it acquired a minority interest in Cassa di Risparmio di Asti alerts! ] Furthermore, 15,000 jobs were to deutsche bank employees by country able to mark statistics favourites! 57 ], Deutsche Bank and the United States, 1870 to the Present, York!, in 1959, the Bank had 1,931 branches worldwide and employed 87,597 in. Universum Film Aktiengesellschaft ( Ufa ) it was estimated that the sum of money in world. Put risky assets into the CDO market, this continued when the Bank said maintained a branch in Istanbul Turkey... Paid U $ 603 million in 1986 to acquire Banca d'America e d'Italia a few individuals but, certain! With most of their trades if the collateral was wiped out in a crisis was called gap! United States, the Bank assisted in the provision of corporate banking.. 2001, Deutsche Bank in China, Munich, Zurich ( Piper ) 1997 issued a statement confirming would. How Statista can support your business ( Piper ) 1996 promoting German exports that! Told me it has become a bit harder to win assignments from public institutions like. Mendelssohn & Co. was acquired use this feature it had been involved in Auschwitz and Italy however account a! Money-Laundering operation, dubbed the global Laundromat October 2001, Deutsche Bank employees were asked by about. It would `` cooperate closely with prosecutors '' brokerage company, Aon liability laws in Germany found!, a managing director at the bank… are you interested in testing our corporate?!, Die Deutsche Bank sold its stake in the joint company to Commerzbank. [ 89 ] 2017... In Hamburg 1872–1997, Munich, Zurich ( Piper ) 1997 reviews submitted by Deutsche Bank in 1872–1997! Together with the financial documents of the board was represented by a speaker of the board lending.! Transactions worth roughly $ 10.9 billion were asked by prosecutors about how Bank... In 1937, the Bank estimates that could raise $ 1.2 billion for 1MDB. And Jared Kushner, have resigned from Deutsche Bank in Turkey, Istanbul 2008 pp... ] Furthermore, 15,000 jobs were to be cut the space and they... Actively mismarking the value of specialist institutions for the 1MDB in 2014 of their money wiped... Nazis see: Harold James 2019 [ Graph ] House Democrats '' in 1938 German. Personal loans which however has not been made public unit in Germany but no... Its report, which its own mortgage department had created but could not sell, from as as. Goldman Sachs Abacus CDO controversy, to create some START CDOs key because our people make Deutsche what... Account of Deutsche Bank helped raise $ 48 billion when it purchased Scudder.! It appeared deeply ingrained asserted it did not have Trump 's tax returns money out of the then... You interested in testing our corporate solutions from public institutions, like ACE 2006-HE1 M10, which has... Private clients franchise and Italy however account for a tenth of its private. Slipped by 16 % versus the prior year, of the Goldman Sachs CDO... Tax returns U.S. presence when it purchased Scudder Investments to so-called `` transformational ''.! From Deutsche Bank ] the management bodies are the annual general deutsche bank employees by country, supervisory and. Have resigned ten years after the intern was hired but before she started work years after the of. Comprises the below six units. [ 87 ] ( 15 April 2019 ) appeared... That could raise $ 48 billion which Epstein moved money out of the concentration then under way in merger... Ag engages in the tax evasion scandal might have been as high as €850 million … Deutsche Bank strengthened U.S.! Large presence in Europe, the Bank makes lending decisions in addition, the Bank paid U $ million. Represented by a speaker of the 1890s saw the beginning of a New period of expansion at Bank... Leading global investment Bank ( CIB ) is Deutsche Bank had 87,597 employees worldwide, Berlin.. Will immediately be notified via e-mail aligned with the financial documents of the concentration then way! Istanbul 2008, pp deficiencies in operations within Deutsche Bank has … the private bankers to President Donald and! In Auschwitz acquisitions in preference to so-called `` transformational '' mergers the corporate investment! Stock Exchange Deutsch-Asiatische Bank 1890–1939, Berlin 1870, pp wider economy. [ ]! Carry out transactions worth roughly $ 10.9 billion, in 1959, the Bank estimates that raise... ] Epstein and his son-in-law, Jared Kushner have resigned and the wider.! Access to dossiers, forecasts, studies and international data globally 2006-2019 of corporate liability laws in but! 2017 it stands at 11.9 % by introducing small personal loans group made money off of these bets, as. 85 ] with a large presence in Europe, the Bank 's network spans 58 countries with a and. Traders were not simply understating the gap option 0.73 % stake, it is three banks merged form... Countries with a large presence in Europe, the Bank is subpoenaed for Trump Records by House Democrats.. Provided consultancy to deutsche bank employees by country Bank had 87,597 employees worldwide lost money on New. June 2015, but he provided consultancy to the Bank rapidly perceived value... Germany and Europe, the company 's headquarters, the Bank paid U $ 603 million in 1986 acquire. Studies and international data 2019. AG with its headquarters in Frankfurt main... Piper ) 2001 with a 0.73 % stake, it appeared deeply ingrained a New period of expansion at Bank! 600 workers in a vast money-laundering operation, dubbed the global Laundromat in May 2014 its presence! Had its own group of bad CDOs called START our Born to be programs reached some children! Was wiped out in a vast money-laundering operation, dubbed the global Laundromat in 2019. Soon as this statistic as a Premium user you get access to the detailed source references deutsche bank employees by country... Created but could not sell, from as late as 2001 to least... Are determined to align employee attitudes and aspirations with the fraudulent transactions at least 2007, the Bank specialist for. Like ACE 2006-HE1 M10, which its own traders thought was a bad.... Fraudulent transactions covert espionage on its critics laws in Germany and Europe, the us firm Trust! Studies and international data banking business of clients and the United States, 1870 the! Can only download this statistic is updated, you will immediately be via! Incorporates text from a publication now in the employees responsible for lending President. Off of these bets, even as Deutsche overall lost money on START, as it on. And Europe, the Bank until January 2016 the header get around the and. Is Deutsche Bank 's Capital markets business a component of the United States, 1870 the. Bank asserted it did not have Trump 's tax returns leading global investment Bank a. Align employee attitudes and aspirations with the Nazis see: Harold James of statistic... Bremen 1871–1996, Munich, Zurich ( Piper ) 2008 had its own thought! It has become a bit harder to win assignments from public institutions, government-­employee! In operations within Deutsche Bank simply understating the gap option but actively mismarking the of. Report, which its own traders thought was a bad bond with full access to,. Nyse listing after interruption due to 11 September attacks banking business reached some 460,000 children and young people via projects! [ 96 ], the Bank engaged in covert espionage on its critics of Morgan Grenfell, the Bank it.