6. Deutsche Bank AG

Founded in 1870, the Deutsche Bank AG, read literally as the "German Bank", 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. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent.

 

The bank offers financial products and services for corporate and institutional clients along with private and business clients. 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.

 

The Deutsche Bank runs with a dual-CEO model so its German roots are not forgotten and to have an inhibiting effect on risk-taking activities. Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).

 

In January 2014 it was reported that 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. Revenues slipped by 16% versus the prior year.

 

Revenue              €31.91 billion (2013)

Operating income €1.457 billion (2013)

Profit             €666 million (2013)

Total assets         €1.611 trillion (2013)

Total equity         €54.71 billion (2013)

Employees           98,219 (2013)

 

History:

When Adolf Hitler came to power, instituting the Third Reich, Deutsche Bank dismissed its three Jewish board members in 1933. 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. During the war, Deutsche Bank incorporated other banks that fell into German hands during the occupation of Eastern Europe. Deutsche provided banking facilities for the Gestapo and loaned the funds used to build the Auschwitz camp and the nearby IG Farben facilities.

 

Deutsche Bank won the Euromoney 2014 Awards in the following categories:

Ø         Best Global Risk Advisor

Ø         Best Global Debt House

Ø         Best Investment Bank in Austria

Ø         Best Investment Bank in Belgium

Ø         Best Equity House in Germany

Ø         Best Debt House in Germany

Ø         Best Bank in Germany

Ø         Best Equity House in Spain

Ø         Best Investment Bank in Greece

Ø         Best Investment Bank in New Zealand

Ø         Best Flow House in Central Eastern Europe

Ø         Best Risk Adviser in Central Eastern Europe

Ø         Best M&A House in Central Eastern Europe

Ø         Best Investment Bank in Western Europe

Ø         Best Transaction Services House in Western Europe

Ø         Best Risk Adviser in North America