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Deutsche Bank AG [a] (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ, lit. ' German Bank ') is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin.
The DWS Group (Formerly: Deutsche Asset Management) commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
All client funds were held at Deutsche Bank AG and protected by the Deposit Protection Fund of the Association of German Banks. From 2006-2008, dbFX became the fastest growing business within Deutsche Bank, and a major contributor to Deutsche Bank's reign as the world's largest provider of foreign exchange trading from 2005-2013. [16] [17]
Postbank (German pronunciation: [ˈpɔstbaŋk]; full name: Postbank – eine Niederlassung der Deutsche Bank Aktiengesellschaft, lit. ' Postbank – a branch of the Deutsche Bank joint-stock company ') is a branch of Deutsche Bank for retail banking, which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990.
DZ Bank is a shareholder of Canadian oil and gas company TC Energy, which is behind the controversial Coastal GasLink Pipeline slated to be built on unceded Wet'suwet'en Nation territory in Northern British Columbia. DZ Bank increased their stake on 31 March 2020 from 1.22 million to 4.27M shares, an increase of ~250%. [7]
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]
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Josef Meinrad Ackermann (born 7 February 1948) is a Swiss banker, former chairman of the Bank of Cyprus, and former chief executive officer of Deutsche Bank. He has also been a member of the Washington-based financial advisory body, the Group of Thirty.
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