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In January 2017, Deutsche Bank agreed to a $7.2 billion settlement with the United States Department of Justice over its sale and pooling of toxic mortgage securities in the years leading up to the Financial crisis of 2007–2008. As part of the agreement, Deutsche Bank was required to pay a civil monetary penalty of $3.1 billion and provide $4 ...
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In March 2005, Deutsche Postbank announced that it has acquired a 9.2% stake in the company. [2] Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares [3] and made an offer to remaining shareholders. [4] The acquisition was completed in 2005. [5] [1]
[41] [6] [7] During their years of co-leadership, Fitschen handled Deutsche Bank's retail bank and German affairs, and also handled the Deutsche Bank's relations with the Berlin government and other German stakeholders. [42] [43] [12] [44] Jain led the investment bank plus asset and wealth management, and was the face of Deutsche Bank ...
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However, in 2015, AWM was split into Deutsche Asset Management and Deutsche Bank Wealth Management. [9] In 2017, Deutsche Asset Management was rebranded to DWS with Deutsche Bank planning to publicly list a minority stake of it. [10] In 2018, DWS was spun off as a separate company through an initial public offering on the Frankfurt Stock ...