Deutsche Bank is an investment bank that provides financial services globally around the world. It is the largest financial institution Germany, and one of the largest investment banks in the world. Listed on the Frankfurt Stock Exchange and the NYSE. Its headquarters are in Frankfurt, in the twin towers of Deutsche Bank.
Deutsche Bank was founded in Berlin in 1870 with the objective of managing banking transactions of all kinds, including the promotion of commercial relations of Germany with other European countries and overseas markets. Not to be confused with the Deutsche Bundesbank is the central bank of Germany. Shortly after its founding, Deutsche Bank opens office in Bremen, Hamburg and London. In the late nineteenth century began to make his first foreign investment in Europe, North and South America, East Asia, Middle East and Turkey, among others involved in railway construction, procurement of raw materials and automotive industries.
In 1914, before the First World War, Deutsche Bank was the largest bank in the world, but after the Second World War would become dismembered into ten entities. The central bank became located in Hamburg. In 1952 the regional meet in three companies, to finish merging in 1957 into the new Deutsche Bank, based in Frankfurt. Currently, Deutsche Bank is the largest bank in Germany, with over 82,000 employees. The bank has about 12 million customers in 75 countries. President and CEO of Group worldwide is Josef Ackermann.
Deutsche Bank posted a net profit in 2009 of 5,000 million euros. Ackermann noted that in 2009, Deutsche Bank has been profitable and has reduced both the risk and leverage of their balance. These good results have been used to strengthen its base of capital, bringing its capital ratios are solid. Throughout the entire economic crisis Deutsche Bank did not need state aid or external funding.