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60 Wall Street (formerly the J.P. Morgan Bank Building or Deutsche Bank Building) is a 55-story, [a] 745-foot-tall (227 m) skyscraper on Wall Street in the Financial District of Lower Manhattan in New York City, New York. The tower was designed by Kevin Roche and John Dinkeloo of Roche-Dinkeloo and originally built for J.P. Morgan & Co.
In 1957, these three banks merged to form Deutsche Bank AG with its headquarters in Frankfurt. [46] In 1959, the bank entered retail banking by introducing small personal loans. In the 1970s, the bank pushed ahead with international expansion, opening new offices in new locations, such as Milan (1977), Moscow, London, Paris, and Tokyo.
Consequently, the acquisition by Deutsche Bank was a windfall to the bank's shareholders, who avoided losing their entire investments. [ citation needed ] In November 1998, Deutsche Bank agreed to purchase Bankers Trust for $10.1 billion; [ 31 ] the purchase was finalized on June 4, 1999.
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[2] [3] However, despite being a separate company, the majority of DWS shares are still held by Deutsche Bank at 79.49%. [11] In October 2018, DWS named Asoka Woehermann as the replacement for former CEO Nicolas Moreau. [12] In 2022, Asoka Wöhrmann resigned from his post of CEO after the company's offices in Frankfurt were raided by police ...
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