Its investment banking operations often command substantial deal flow. [35] This made Deutsche Bank the fourth-largest money management firm in the world after UBS, Fidelity Investments, and the Japanese post office's life insurance fund. Deutsche Bank and the United States, 1870 to the Present, New York (Cambridge University Press) 2008. 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. Documents on those loans have also been subpoenaed from Deutsche Bank by the House Democrats together with the financial documents of the president. The statute laid great stress on foreign business: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, The object of the company is to transact banking business of all kinds, in particular, to promote and facilitate trade relations between Germany, other European countries and overseas markets. ), Die Deutsche Bank in Frankfurt am Main, Munich, Zurich (Piper) 2005. ", "Imagining the Unthinkable. This was the first NYSE listing after interruption due to 11 September attacks. Directly accessible data for 170 industries from 50 countries The bank agreed to pay $258 million in settlements. In 2005, Deutsche Bank sold its stake in the joint company to Commerzbank.[87]. Deutsche Bank opened the casino in 2010 and ran it at a loss until its sale in May 2014. Major projects in the early years of the bank included the Northern Pacific Railroad in the US[15] and the Baghdad Railway[16] (1888). The employees … [85] With a 0.73% stake, it is currently the company with the lowest index weighting. [141], The New York Department of Financial Services (DFS) imposed a $150 million penalty on Deutsche Bank on 7 July 2020, in connection with Epstein. [62], In January 2014, Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013. 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. facts. [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. ... More importantly, the bank reskilled employees and created a … [147] Although the whistleblower, Howard Wilkinson, did not name Deutsche Bank directly, another inside source claimed the institute in question was Deutsche Bank's U.S. [54], Greg Lippmann, head of global CDO trading, was betting against the CDO market, with approval of management, even as Deutsche was continuing to churn out product. Please contact us to get started with full access to dossiers, forecasts, studies and international data. As soon as this statistic is updated, you will immediately be notified via e-mail. The company is a universal bank with three major divisions: the Private & Commercial Bank, the Corporate & Investment Bank (CIB), and Asset Management (DWS). 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. ", "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. [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. The renovated building was certified LEED Platinum and DGNB Gold. German Federal Financial Supervisory Authority (BaFin), New York State Department of Financial Services, Timeline of investigations into Trump and Russia (January–June 2017), Timeline of investigations into Trump and Russia (July–December 2017), Timeline of investigations into Trump and Russia (2019), Australian Competition and Consumer Commission, Commonwealth Director of Public Prosecutions, U.S. Securities and Exchange Commission (SEC), "Deutsche Bank Replaces C.E.O. [39][40] Then, beginning in 2002, Deutsche Bank strengthened its U.S. presence when it purchased Scudder Investments. 3–4. Executives told me it has become a bit harder to win assignments from public institutions, like government-­employee pension plans. President Donald Trump's main banker at Deutsche Bank is leaving the company, according to The New York Times. A Century of Deutsche Bank in Turkey, Istanbul 2008, pp. [32], In 1959, the bank entered retail banking by introducing small personal loans. [32] In 1957, these three banks merged to form Deutsche Bank AG with its headquarters in Frankfurt. [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. 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. 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. Manfred Pohl / Angelika Raab-Rebentisch, Die Deutsche Bank in Bremen 1871–1996, Munich, Zurich (Piper) 1996. The bank's exposure at the time of sale was more than $4 billion, however it sold the property to Blackstone Group for $1.73 billion. 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. Statista. Deutsche Bank employees had devised strategies to get around the sanctions and carry out transactions worth roughly $10.9 billion. And ­Deutsche Bank has … Historische Gesellschaft der Deutschen Bank (ed. Prosecutors in Criminal Inquiry", "Trump's long and winding history with Deutsche Bank could now be at the center of Robert Mueller's investigation", "A Mar-a-Lago Weekend and an Act of God: Trump's History With Deutsche Bank", "Deutsche Bank and Trump: $2 Billion in Loans and a Wary Board", "Tracking 30 Investigations Related to Trump", "Deutsche Bank Is Subpoenaed for Trump Records by House Democrats", "House committees issue subpoenas to Deutsche Bank, JP Morgan Chase, Citigroup, Bank of America to probe Trump's finances", "House Democrats subpoena Deutsche Bank in Trump investigation", "House panels issue subpoenas to Deutsche Bank, others in Trump probe", "House Democrats subpoena Deutsche Bank, other financial institutions tied to Trump", "Trump team sues Deutsche Bank and Capital One to keep them from turning over financial records to Congress", "Trump's Financial Secrets Move Closer to Disclosure", "House subpoenas for Trump's bank records put on hold while president appeals", "Deutsche Bank tells U.S. court it does not have Trump's tax returns", "Trump Loses Appeal on Deutsche Bank Subpoenas", "Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts", "Deutsche Bank fined for $10 billion Russian money-laundering scheme", "Deutsche Bank Executive Who Signed Off On Trump Loans Kills Himself At Age 55", "Los Angeles County Medical Examiner-Coroner", "Exclusive: @DeutscheBank had an extensive relationship with Jeffrey Epstein, lending him money and providing trading services — up until May 2019, when the bank cut him off.www.nytimes.com/2019/07/10/business/jeffrey-epstein-net-worth.html", "Jeffrey Epstein's 'Infinite Means' May Be a Mirage", "Deutsche Bank ended its relationship with Jeffrey Epstein this year", "Jeffrey Epstein Moved Money Overseas in Transactions His Bank Flagged to U.S.", "Jeffrey Epstein's Financial Trail Goes Through Deutsche Bank", "Deutsche Bank Settles Over Ignored Red Flags on Jeffrey Epstein", "Superintendent Lacewell Announces DFS Imposes $150 Million Penalty on Deutsche Bank in Connection with Bank's Relationship with Jeffrey Epstein and Correspondent Relationships with Danske Estonia And FBME Bank", "Update: Criminal cartel charges to be laid against Deutsche Bank", "Update: Criminal cartel charges to be laid against Citigroup", "Danske whistleblower says big European bank handled $150 billion in...", "Deutsche Bank Hits Record Low on New Worry Over Danske Role", "SEC.gov | Deutsche Bank to Pay Nearly $75 Million for Improper Handling of ADRs", "Deutsche to pay $75 million to settle ADRs abuses case, U.S. SEC says", "U.S. [104][105] Deutsche Bank also pleaded guilty to wire fraud, acknowledging that at least 29 employees had engaged in illegal activity. [133][134], On 19 November 2019, Thomas Bowers, a former Deutsche Bank executive and head of the American wealth management division, was reported to have committed suicide in his Malibu home. 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. [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). Two Deutsche Bank employees responsible for lending to President Donald Trump and his son-in-law, Jared Kushner, have resigned. Maximilian Müller-Jabusch, 50 Jahre Deutsch-Asiatische Bank 1890–1939, Berlin 1940. Number of employees at Deutsche Bank worldwide from 2006 to 2019 [Graph]. As of September 2017 it stands at 11.9%. "Number of employees at Deutsche Bank worldwide from 2006 to 2019." [21] In 1926, the bank assisted in the merger of Daimler and Benz. Corporate solution including all features. "Deutsche Bank Is Subpoenaed for Trump Records by House Democrats". [57] The bank then sold protection to US investors via the CDX credit index, the spread between the two was tiny but was worth $270m over the 7 years of the trade. As the share had lost value since mid-2015 and market capitalization had shrunk to around EUR 18 billion, it temporarily withdrew from the Euro Stoxx 50 on 8 August 2016. In addition, the bank rapidly perceived the value of specialist institutions for the promotion of foreign business. [139], The bank found suspicious transactions in which Epstein moved money out of the United States, the Times reported. [55], Former employees including Eric Ben-Artzi and Matthew Simpson have claimed that during the crisis Deutsche failed to recognise up to $12bn of paper losses on their $130bn portfolio of leveraged super senior trades, although the bank rejects the claims. [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. Some of the witnesses have appeared … [138][139][140] Epstein and his businesses had dozens of accounts through the private-banking division. [29] In December 1999 Deutsche, along with other major German companies, contributed to a US$5.2 billion compensation fund following lawsuits brought by Holocaust survivors. 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. By 2009 the entire CDO was almost worthless and the investors (including Deutsche Bank itself) had lost most of their money. Two Deutsche Bank employees were asked by prosecutors about how the bank makes lending decisions. Beginning in February 2012, the bank has been led by two co-CEOs; in July 2015 it announced it would be led by one CEO beginning in 2016. 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). It also put in some mortgage bonds that its own mortgage department had created but could not sell, from the DBALT 2006 series. [71], AUTO1 FinTech is a joint venture of AUTO1 Group, Allianz and Deutsche Bank. [143][144] From 2013 to 2018, "Epstein, his related entities and his associates" had opened over forty accounts with Deutsche Bank. [42][43][48][b] A few years after Trump sued Deutsche Bank for $3 billion in 2008, Trump shifted his financial portfolio from the investment banking division to the private wealth division with Rosemary Vrablic, formerly of Citigroup, Bank of America, and Merrill Lynch, becoming Trump's new and as of 2017[update] current personal banker at Deutsche Bank.[40][51][52]. 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. [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. [104] Commenting on the fine, Britain's Financial Conduct Authority director Georgina Philippou said "This case stands out for the seriousness and duration of the breaches ... One division at Deutsche Bank had a culture of generating profits without proper regard to the integrity of the market. [42][43] Jain persuaded Ryan to remain with Deutsche Bank at its new Russian offices and later, in April 2007, sent the President and Chairman of the Management Board of VTB Bank Andrey Kostin's son Andrey to Deutsche Bank's Moscow office. [54], The report focused on one CDO, Gemstone VII, made largely of mortgages from Long Beach, Fremont, and New Century, all notorious subprime lenders. [86], In 2001, Deutsche Bank merged its mortgage banking business with that of Dresdner Bank and Commerzbank to form Eurohypo AG. 21–27. ", 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. You can only download this statistic as a Premium user. Are you interested in testing our corporate solutions? [7] The bank's statute was adopted on 22 January 1870, and on 10 March 1870 the Prussian government granted it a banking licence. The Corporate & Investment Bank (CIB) is Deutsche Bank's capital markets business. Manfred Pohl / Angelika Raab-Rebentisch, Die Deutsche Bank in Hamburg 1872–1997, Munich, Zurich (Piper) 1997. [citation needed], Environmentalists criticize Deutsche Bank for co-financing the controversial Dakota Access Pipeline, which is planned to run close to an Indian reservation and is seen as a threat to their livelihood by its inhabitants. [128] On 22 May 2019, judge Edgardo Ramos of the federal District Court in Manhattan rejected the Trump suit against Deutsche Bank, ruling the bank must comply with congressional subpoenas. The private bankers to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said. This feature is limited to our corporate solutions. Deutsche Bank in China, Munich (Piper) 2008. Fitschen continued as joint CEO until May 2016. It also maintained a branch in Istanbul, Turkey. [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. The plan was allegedly cancelled after the intern was hired but before she started work. In October 2001, Deutsche Bank was listed on the New York Stock Exchange. [25][26] In 1938, German bank Mendelssohn & Co. was acquired. [56] A company document of May 2009 described the trades as "the largest risk in the trading book",[57] and the whistleblowers allege that had the bank accounted properly for its positions its capital would have fallen to the extent that it might have needed a government bailout. Vrablic became President Trump's private banker at the German lender in 2011, at a time when Trump was having difficulties borrowing money due to his history of defaulting on loans. This wasn't limited to a few individuals but, on certain desks, it appeared deeply ingrained. [26], Following Germany's defeat in World War II, the Allied authorities, in 1948, ordered Deutsche Bank's break-up into regional banks. Russian criminals with links to the Kremlin, the … The CIB comprises the below six units.[89]. [102][103], On 23 April 2015, Deutsche Bank agreed to a combined US$2.5 billion in fines – a US$2.175 billion fine by American regulators, and a €227 million penalty by British authorities – for its involvement in the Libor scandal uncovered in June 2012. 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. [63], Deutsche Bank's Capital Ratio Tier-1 (CET1) was reported in 2015 to be only 11.4%, lower than the 12% median CET1 ratio of Europe's 24 biggest publicly traded banks, so there would be no dividend for 2015 and 2016. [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. [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. This is a drop from the average of roughly 100,000 employees the bank had starting in 2010. Announcement of Merger. Member of the Board of Directors, KBL European Private Bankers, Luxembourg, Deutsche Bank is one of the leading listed companies in German post-war history. Learn more about how Statista can support your business. The bank already has staff in America which are based outside of New York, including around 2,000 employees in areas such as human resources, compliance and risk in Jacksonville, Florida. [97] According to the Wall Street Journal, the Cleary firm uncovered a plan by which Deutsche Bank was to infiltrate the Bub Gauweiler firm by having a bank "mole" hired as an intern at the Bub Gauweiler firm. Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. [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]. Reviews from Deutsche Bank employees about Deutsche Bank culture, salaries, benefits, work-life balance, management, job security, and more. [57] A model from Ben-Artzi's previous job at Goldman Sachs suggested that the gap option was worth about 8% of the value of the trades, worth $10.4bn. [143], On 1 June 2018, the Australian Competition and Consumer Commission (ACCC) announced that criminal cartel charges were expected to be laid by the Commonwealth Director of Public Prosecutions (CDPP) against ANZ Bank, its group treasurer Rick Moscati, along with Deutsche Bank, Citigroup, and a number of individuals. "[105] The fine represented a record for interest rate related cases, eclipsing a $1.5 billion Libor related fine to UBS, and the then-record $450 million fine assessed to Barclays earlier in the case. unit. [100] BaFin found deficiencies in operations within Deutsche Bank's security unit in Germany but found no systemic misconduct by the bank. It was required to dismiss all employees who were involved with the fraudulent transactions. [101] The bank initiated steps to strengthen controls for the mandating of external service providers by its Corporate Security Department and their activities. It was one of several banks described as colluding to fix interest rates used to price hundreds of trillions of dollars of loans and contracts worldwide, including mortgages and student loans. 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. 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. [21][22], The bank merged with other local banks in 1929 to create Deutsche Bank and Disconto-Gesellschaft. Deutsche had its own group of bad CDOs called START. [137], Deutsche Bank lent money and traded currencies for the well-known sex offender Jeffrey Epstein up to May 2019, long after Epstein's 2008 guilty plea in Florida to soliciting prostitution from underage girls, according to news reports. 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; [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. [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. [70], In November 2018, the bank had their Frankfurt offices raided by police in connection with ongoing investigations around the Panama papers and money laundering. Flitter, Emily; Enrich, David (15 April 2019). This settlement came subsequent and in addition to Deutsche's $1.93 billion settlement with the US Housing Finance Agency over similar litigation related to the sale of mortgage-backed securities to Fannie Mae and Freddie Mac. Register in seconds and access exclusive features. [149][150], U.S. prosecutors are investigating Deutsche Bank's role in a multibillion-dollar fraud scandal involving the 1Malaysia Development Berhad, or 1MDB, according to news reports in July 2019. Had starting in 2010 and ran it at a loss until its sale May... Bank: number of employees at Deutsche Bank in Turkey, Istanbul 2008, pp absence of banking! Statut der Deutschen Bank Aktien-Gesellschaft, Berlin 1940 ] Deutsche Bank will be charged with criminal wrongdoing Kushner have. 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Found no systemic misconduct by the House Democrats '' by prosecutors about how the Bank estimates that raise... 138 ] [ 139 ] [ 139 ] [ 139 ] [ 40 ] then, beginning in 2007 speaker. Admin account deficiencies in operations within Deutsche Bank AG with its headquarters in am! Of Deutsche Bank in Frankfurt DBALT 2006 series, was extensively renovated beginning in 2002, Deutsche Bank introducing! As it did on Gemstone found suspicious transactions in which Epstein moved money of... To the detailed source references and background information and details about the release of this statistic as Premium... Raab-Rebentisch, Die Deutsche Bank in Frankfurt der Deutschen Bank Aktien-Gesellschaft, Berlin 1870,.. Changed back to Deutsche Bank 's security unit in Germany Bank put risky assets into CDO! 2008, pp cs1 maint: multiple names: authors list ( 138 ] [ 140 ] Epstein his... Ag with its headquarters in Frankfurt bank… are you interested in testing our corporate solutions Bank makes lending decisions a! Will immediately be notified via e-mail Kushner have resigned from Deutsche Bank employees responsible lending.