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Deutsche Bank
is a multinational bank operating worldwide and employing almost 70,000 people (2004). Its headquarters are located in Frankfurt, Germany. Deutsche Bank was founded in Germany on January 22, 1870 as a specialist bank for foreign trade in Berlin by the private banker Adelbert Delbruck and the politician Ludwig Bamberger. Its first branches outside Germany were the ones in London (1873), Shanghai (1872) and Yokohama (1872). The first directors were Wilhelm Platenius, Georg Siemens, and Hermann Wallich. Deutsche Bank acquired the banks Berliner Bank-Verein and Deutsche Union-Bank in 1876 and thus became the largest bank in Germany, surpassing the Disconto-Gesellschaft. Major projects in its first decades included the Northern Pacific Railroad in the United States (1883) and the Baghdad Railway (1888). It also financed bond offerings of the steel concern Krupp (1885) and introduced the chemical company Bayer on the Berlin stock market.Visit at: website |
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