Deutsche Bank

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Deutsche Bank


the largest banking concern in the Federal Republic of Germany.

The Deutsche Bank was founded in Berlin in 1870 with a capital stock of 15 million marks. The bank absorbed dozens of other banks; among these was the Disconto-Gesellschaft, a major bank taken over in 1929. The Deutsche Bank played a significant role in the development of German imperialism and in the financing of fascist aggression. Together with the Dresdener Bank, the Deutsche Bank participated actively in the plunder of countries occupied by the fascists.

With the help of the Western powers, ten regional successor banks were established in 1947 based on existing branches of the Deutsche Bank in West Germany. The new banks were permitted to operate only within the boundaries of their respective states. In 1952 the entire territory of the Federal Republic of Germany was divided into three banking regions—north, west, and south—and in place of the previous ten successor banks to the Deutsche Bank, three banks were formed accordingly: the Northern Deutsche Bank, the Western Deutsche Bank, and the Southern Deutsche Bank. In 1957 these were merged into a single bank.

The Deutsche Bank is the nucleus of the financial group that includes the following concerns: Siemens, Mannesmann, Klöckner, Haniel, Hoeschst, Henkel, Reemtsma, Horten, DEMAG, BASF, Bayer, Allianz, and Glanzstoff. This group includes the leading electrical engineering, metallurgical, machine-building, chemical, and mining concerns, as well as the largest trading and insurance monopolies. The enterprises owned by concerns belonging to the financial group headed by the Deutsche Bank employ more than 1 million production and service workers, with total annual sales in excess of 100 billion marks (as of late 1971). The group controls about one-third of all the country’s outstanding capital shares.

The Deutsche Bank is closely tied to the Morgan, Rockefeller, Warburg, and Kuhn and Loeb banking groups in the United States and to the Rothschild group in a number of Western European countries. The Deutsche Bank has long-standing ties with the largest financial group in France, which is headed by the Banque de Paris et des Pays-Bas, as well as with Dutch and Belgian monopoly capital. In 1970 the bank participated in 24 credit institutions within the country and 21 abroad. The main office of the Deutsche Bank is located in Frankfurt am Main.

By the end of 1972, total capital of the Deutsche Bank had reached 640 million marks, compared with 200 million marks in 1957. During these years, the bank’s total balance increased from 8.4 billion marks to 40.2 billion, deposits rose from 7.1 billion marks to 37.1 billion, and discounted bills and loans rose from 6.3 billion to 31.9 billion marks.


References in periodicals archive ?
Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
Our goal at Deutsche Asset Management is to provide clients with flexible access to products and solutions across a wide range of investment opportunities,' said Brian Binder, president of Deutsche Funds and head of US Product & Fund Administration.
Deutsche Asset Management is an investment management organisation with assets under management of EUR 723bn as of March 31, 2017.
King, Jr, Global Head of DB Real Estate, said, "This has been a successful business for Deutsche Asset Management.
DWS Scudder is the retail brand name of Deutsche Asset Management (DeAM) - the global asset management division of Deutsche Bank with more than US $715 billion in assets under management globally (as of 12/31/06).
Individuals, financial professionals and institutional clients have come to know Deutsche Asset Management as a trusted partner to identify opportunities through decades of changing economic and market conditions.
Deutsche Asset Management is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc.
Deutsche Asset Management and its affiliates fully cooperated with the regulators and have addressed the issues that were identified.
NEW YORK -- DWS Scudder, a division of Deutsche Asset Management (DeAM), announces the hiring of Richard David Jameison Jr.
Burnham will join the bank as a Vice Chairman and Managing Director of Deutsche Asset Management (DeAM), effective November 15, 2006.
NEW YORK -- DWS Scudder, a division of Deutsche Asset Management (DeAM), announces the addition of Christopher Warren and Jason Hubschman to its product management team as part of a strategic initiative to combine mutual funds and structured products.
DWS Scudder Investments is part of Deutsche Asset Management which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc.

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