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Deutsche’s move represents a turnaround on previously liberal work-from-home policies introduced by the bank during COVID-19, which allowed staff to spend 40-60% of their week working remotely.
Deutsche Bank is headquartered in Germany. “Remote workers are contributing less to the infrastructure of the economy whilst still receiving its benefits,” analyst Luke Templeman wrote.
The company was founded in Berlin in 1928 as Beamten-Heimstättenwerk, which roughly translates as civil servants' home (building) society. After World War II, it moved its registered office to Hameln. [1] In 1990, it was re-organised as BHW Holding GmbH to become BHW Holding AG later, followed by an initial public offering in 1997.
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
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 ...
Here are five simple ways your bank can help you achieve financial stability. 1. Financial Counseling ... Be cautious about high-interest loans offered by your bank, including home loans, auto ...
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Cryan was appointed co-chief executive officer of Deutsche Bank in June 2015, [8] [9] a position he shared with Jürgen Fitschen until May 2016, when he became sole CEO. [10] On 8 April 2018, Cryan was replaced by Christian Sewing as chief executive at Deutsche Bank. [11] In April 2019, Cryan became a director at X Cyber Group LTD in the UK. [12]