- Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt
- It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets
Deutsche Bank Net worth 2024 (estimated)
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What is Deutsche Bank? / Facts
- In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent
- The company was a component of the STOXX Europe 50 stock market index until being delisted on August 8, 2016
- The bank offers financial products and services for corporate and institutional clients along with private and business clients
- Deutsche Bank’s core business is investment banking, which represents 50% of equity, 75% of leverage assets and 50% of profits
- Services include sales, trading, research and origination of debt and equity; mergers and acquisitions (M&A); risk management products, such as derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking
- In January 2014 Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013
- This came after analysts had predicted a profit of nearly €600 million, according to FactSet estimates
- Revenues slipped by 16% versus the prior year
- On 7 June 2015, the then co-CEOs, Juergen Fitschen and Anshu Jain, both offered their resignations to the bank's supervisory board, which were accepted
- Anshu Jain's resignation took effect on 30 June 2015, but he provided consultancy to the bank until January 2016
- Juergen Fitschen temporarily continued as joint CEO until 19 May 2016
- The appointment of John Cryan as joint CEO was announced, effective 1 July 2016; he became sole CEO at the end of Juergen Fitschen's term
- In January 2016, Deutsche Bank pre-announced a 2015 loss before income taxes of approximately €6.1 billion and a net loss of approximately €6.7 billion
- Following this announcement, a bank analyst at Citi declared: "We believe a capital increase now looks inevitable and see an equity shortfall of up to €7 billion, on the basis that Deutsche may be forced to book another €3 billion to €4 billion of litigation charges in 2016
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
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