The downfall of Deutsche Bank

Article Abstract - A bank which started as a specialist bank for financing foreign trade and exporting German exports in 1870 had grown up into a multinational investment bank and financial services company. It is the largest European bank to have its own private label in the Wall Street.

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From the 2000’s, the company has gotten prideful of its ownership and had resorted to multiple scams which shook the entire banking industry. Multiple allegations and multiple investigations didn’t stop it from limiting itself to the frauds. The distasteful thing was that it never stopped even though it got caught. It resorted to all the things which a company in its highest position shouldn’t have done. They were in 17 th position worldwide in the world’s leading bank list. The question that arises in everyone’s mind is a bank which has such a huge history and which has been there for the goodwill of everyone, how has it suddenly changed its mind? After all the hard work and effort which has been put into strengthen the foundation and pillars of the bank, was it so easy to just leave everything and fall into the hands of corrupts? Or has this kind of thing going on from the start and went unnoticed? Or had the company become so prideful of its position that it thought no one could point fingers on it because of the history and legacy it carried. Well whatever the bank thought it backfired very badly upon them, so badly that their reputation crumbled into pieces which are never getting back together. They exited their fort in Wall Street with no intentions of coming back. Their assets have lost their value. All their share prices are all time low like below the ground of what they used to be. This study of Deutsche Bank makes everyone think, were those scandals really worth their everything? The answer lies within themselves.

The Complete Story of Deutsche bank – Over and Done from Wall Street.

Let’s Start from the beginning i.e. Introduction of Deutsche Bank.

Deutsche Bank was the leading German bank with strong European roots and a global network. The bank always focused on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management. The Historical Association of Deutsche Bank was founded on June 12, 1991 as a NPO (non-profit organization). This Historical Association has around 1,900 members. Its main objective is to draw attention to the history of banking - especially of Deutsche Bank - and describe the economic, cultural and political environment in which banks operate. Deutsche Bank was one of the biggest financial and banking services providers in the world. It is headquartered at Deutsche Bank Twin Towers, in Frankfurt, Germany, and is a German bank. It has been the largest foreign exchange dealer in the year 2006. It has also been a component of STOXX Europe 50 stock market index till it was delisted in 2016- August 8th.

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