Introduction
Deutsche Bank is a well established global bank based in Frankfurt, Germany that primarily serves Europe. The bank has a wide network of customers and operations in over 70 countries with a workforce of roughly 91,165 employees. The Deutsche Bank was founded in 1870, during the early days of the German Empire, and shortly after became the leading German bank. The bank focused on traditional banking services such as deposits, loans and trade financing up until the First World War. By the 1920s, it had become one of the leading international banks, with branches in Europe, Africa, Latin America and the United States.
History
The Deutsche Bank was founded in Berlin in 1870 by German-born banker Adolph von Hansemann and other prominent financiers who were concerned about Germanys economy in the aftermath of the Franco–Prussian War. The bank opened its first foreign branch in London in 1871 and further branches in other countries over the next few decades. The Deutsche Bank was heavily hit by the First World War, with many of its branches destroyed. After the war, the bank was restructured, with the largest branch being in Frankfurt.
In the 1920s, Deutsche Bank began to expand, rapidly opening branches and acquiring other banks. During the Great Depression, the bank also came under pressure, but managed to survive, thanks to its strong financial position. After the Second World War, it gradually returned to a more conservative approach by branching out into international activities, focusing on trade finance, investments and private banking.
Services
Deutsche Bank offers a wide range of financial services, including retail and corporate banking, wealth and asset management, investment banking, securities trading and more. The bank offers a number of products for retail and corporate customers, including some innovative solutions like its digital banking platform.
Retail Banking
Deutsche Bank provides a range of retail banking services to its individual and business customers. Its products include deposit accounts, car and consumer loans, credit cards, and investments. The bank also offers advice on investments, mortgages and insurance products.
Corporate Banking
Deutsche Bank provides corporate banking services to small and medium-sized businesses, as well as larger companies and institutions. The bank offers comprehensive packages of banking services such as loans, cash management, trade finance, foreign exchange, and payments and securities services.
Wealth Management
Deutsche Bank offers a range of wealth management services, including asset and investment management, wealth planning and estate planning. The bank also provides transfer agency services, trusts and foundations and advisory services.
Investment Banking
Deutsche Bank provides a comprehensive range of investment banking services, including capital markets services, corporate finance, mergers and acquisitions, and equity and equity-linked securities. The bank also provides structured products, derivatives, and project and corporate finance.
Conclusion
Deutsche Bank is an established global financial institution that provides banking and financial services to retailers, corporates and wealthy individuals. The bank offers a wide range of products and services from retail banking to investment banking. It has a long history of providing innovative solutions and services to its customers and is a leader in many banking and financial markets.
