Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt.
Frankfurt am Main is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2015 population of 731,095 within its administrative boundaries.
The Deutsche Bank Twin Towers, also known as Deutsche Bank Headquarters, is a twin tower skyscraper complex in the Westend-Süd district of Frankfurt, Germany.
The Fall of Deutsche Bank. Prepare Yourself Accordingly. by Stefan Molyneux
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.
An emerging market is a country that has some characteristics of a developed market, but does not meet standards to be a developed market.
The euro sign is the currency sign used for the euro, the official currency of the Eurozone in the European Union.
Deutsche Bank Championship 2010 Round 3 by BufoGolfVideos1
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 STOXX Europe 50 is a stock index of European stocks designed by STOXX Ltd., an index provider owned by Deutsche Börse Group and SIX Group.
A stock index or stock market index is a measurement of the value of a section of the stock market.
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.
An investment bank is typically a private company that provides various financial-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities.
Services include sales, trading, research and origination of debt and equity; mergers and acquisitions ; risk management products, such as derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking.
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources.
Wealth management as an investment-advisory discipline incorporates financial planning, investment portfolio management and a number of aggregated financial services.
In January 2014 Deutsche Bank reported a €1.2 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.
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers.
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.
Jürgen Fitschen and Anshu Jain both currently members of the Management Board of Deutsche Bank have been nominated by the Supervisory Board of the bank to take over as Co-CEOs of Deutsche Bank effective at the conclusion of the Annual General Meeting 2012 on May 31, 2012
Anshuman Jain is a British Indian business executive who formerly served as the Co-CEO of Deutsche Bank from 2012 until 2015.
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.
John Michael Cryan is a British businessman, and chief executive of Deutsche Bank AG in Frankfurt am Main, since July 2015.
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."