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", "Deutsche Bank won't do any more business with Trump", "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. [36] At the time, Deutsche Bank owned a 12% stake in DaimlerChrysler but United States banking laws prohibit banks from owning industrial companies, so Deutsche Bank received an exception to this prohibition through 1978 legislation from Congress.[36]. He was one of the first traders to foresee the bubble in the CDO market as well as the tremendous potential that CDS offered in this. "addressLocality": "Glasgow", Jain's resignation took effect in June 2015, but he provided consultancy to the bank until January 2016. Turner, G., and Strasburg, J. "sameAs": [ [112] According to the The Wall Street Journal, the bank's legal department was involved in the scheme along with its corporate security department. [163] 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. For example, the bank took part in the subprime mortgage crisis. Deutsche Bank didn't admit or deny the investigation findings but agreed to pay disgorgement of more than $44.4 million in ill-gotten gains plus $6.6 million in prejudgment interest and a penalty of $22.2 million. Manfred Pohl, Deutsche Bank Buenos Aires 1887–1987, Mainz (v. Hase & Koehler) 1987. [online] Available from: http://dealbook.nytimes.com/2011/07/26/its-leaders-chosen-deutsche-reports-flat-profit/?_r=0   [Accessed: 17 Nov. 2015]. [161][162], On 19 November 2018, a whistleblower on alleged money-laundering activities undertaken by Danske Bank stated that a large European bank was involved in helping Danske process $150 billion in suspect funds. The Cleary firm has concluded its investigation and submitted its report, which however has not been made public. However, the global financial crisis has impacted banks in various ways, including increasing its regulatory burdens. Learning software development on the job at institutions such as Deutsche Bank, he has developed knowledge of both the industry and technology. [69] 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. Peanuts", "Banken: Chronologie: Vorstandssprecher der Deutschen Bank", "Deutsche Bank fliegt aus Stoxx Europe 50", "Annual Report 2006 / Related Party Transactions", "Deutsche Bank Corporate & Investment Bank", "Deutsche Bank sells chunk of Polish business to Santander", "Deutsche Bank To Sell Portuguese Private and Commercial Clients Business To Abanca", "Germany's biggest Private & Commercial Bank is launched", "Deutsche Bank: Neuer Skandal | Börse Aktuell", "Steuerbetrug: Sechs Ex-Mitarbeiter der Deutschen Bank verurteilt", "Deutsche Bank undertakes independent investigation", "Deutsche Bank gives update on inquiries", "Press release Public Prosecutor's Office in Frankfurt", "Deutsche Bank Probe Finds Individual Misconduct", "Ethics & Economics – Black Planet Dossier 2013 DEUTSCHE BANK", "Deutsche Bank receives Black Planet Award at AGM", "Deutsche Bank to Pay $2.5 Billion Fine to Settle Rate-Rigging Case", "Deutsche Bank fined record $2.5 billion in rate rigging inquiry", "Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.", "Deutsche Bank to pay US$258m for violating US sanctions", "NYDFS Announces Deutsche Bank to Pay $258 Million, Install Independent Monitor, Terminate Employees for Transactions on Behalf of Iran, Syria, Sudan, Other Sanctioned Entities", "Deutsche Bank fined $258m for violating US sanctions", "Environmentalists Target Bankers Behind Pipeline", "Call on Deutsche Bank to Divest from DAPL", "Preservation of sensitive, protected sites", "DFS Fines Deutsche Bank $425 Million for Russian Mirror-Trading Scheme", "Deutsche Bank fined $630m over Russia money laundering claims | Business", "Deutsche Bank Fined for Helping Russians Launder $10 Billion", "Deutsche Bank to pay $425 million fine over Russian money-laundering scheme: New York regulator", "Deutsche Bank Ends N.Y. Mirror-Trade Probe for $425 Million", "Trump's Bank Was Subpoenaed by N.Y. In Germany, the bank was instrumental in the financing of bond offerings of steel company Krupp (1879) and introduced the chemical company Bayer to the Berlin stock market. [152], Deutsche Bank elected to discontinue its relationship with Donald Trump following his supporters' insurrection on the United States Capitol in early 2021. Pros. [119], In January 2017, Deutsche Bank agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the years leading up to the 2008 financial crisis. { "logo": "https://www.researchprospect.com/wp-content/uploads/2019/11/Research-Prospect-Logo.png", Organizational Structure. Call charges apply. Group CEO and Chairman of the Group Executive Committee, Douglas L. Braunstein (Hudson Executive Capital LP), C-QUADRAT Special Situations Dedicated Fund, Berkshire Mortgage Finance, 22 October 2004, Chapel Funding (now DB Home Lending), 12 September 2006, Justin Kennedy - Global head of real estate capital market (1997-2009), This page was last edited on 14 February 2021, at 02:34. To improve the company's profitability and optimize its operational banking structure, the Deutsche Bank had announced the new leadership in the form of co-CEOs Anshu Jain, Indian born head of investment bank, and Jurgen Fitschen, the native German head of the German bank unit. "alternateName": "researchprospect.com", It also maintained a branch in Istanbul, Turkey. [165][166], 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. Managing Director and Chief Executive Officer, Gulf International Bank (UK) Ltd. Deputy Chairman of the Group Staff Council of Deutsche Bank AG, Deputy Chairperson of the Staff Council PWCC Center Frankfurt of Deutsche Bank, Chairperson of the Combined Staff Council Southern Bavaria of Deutsche Bank, Chairperson of the Staff Council Niedersachsen Ost of Deutsche Bank, Member of the Group Staff Council and European Staff Council of Deutsche Bank, Founder and Member of the Management Board, C-QUADRAT, Federal Chairman of the German Association of Bank Employees, Self-employed corporate consultant, Norbert Winkeljohann Advisory & Investments. [4] As the largest German banking institution, it is a component of the DAX stock market index. [146] In December 2019, the Second Circuit Court of Appeals ruled that Deutsche Bank must release Trump's financial records, with some exceptions, to congressional committees; Trump was given seven days to seek another stay pending a possible appeal to the Supreme Court. In the 1980s, this continued when the bank paid U$603 million in 1986 to acquire Banca d'America e d'Italia. Deutsche Bank itself was not convicted due to an absence of corporate liability laws in Germany. The Corporate & Investment Bank (CIB) is Deutsche Bank's capital markets business. [online] Available from:https://www.db.com/newsroom/de/docs/Faktenblatt.pdf   [Accessed 15 Nov. 2015]. [120] However, no individuals will be charged with criminal wrongdoing. [online] Available from: http://www.reuters.com/article/2015/11/12/us-deutsche-bank-restructuring-idUSKCN0T11L820151112#7J79qWwRD59d2dc2.97[Accessed: 17 Nov. 2015]. [77], In June 2015, the then co-CEOs, Jürgen Fitschen and Anshu Jain, both offered their resignations[78] to the bank's supervisory board, which were accepted. (2011) ‘Deutsche bank names Anshu Jain, Juergen Fitschen to become co-CEOs. "url": "https://www.researchprospect.com/exploring-youth-the-hidden-issues/", This series of acquisitions was closely aligned with the bank's strategy of bolt-on acquisitions in preference to so-called "transformational" mergers. Cons. As of December 2017[update] Deutsche Bank's role in, and possible relevance to, Trump and Russian parties cooperating to elect him was reportedly under investigation by Special Counsel Robert Mueller. [32] In 1957, these three banks merged to form Deutsche Bank AG with its headquarters in Frankfurt.
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