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Deutsche Bank Review

"Deutsche Bank has been under scrutiny for its questionable financial practices that have led many to question the legitimacy of their business operations." Is Deutsche Bank too big to fail?

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Overview of Deutsche Bank

Deutsche Bank is one of the world's oldest and largest financial institutions, with operations in more than 70 countries. Founded in 1870, the bank provides a range of products and services to its clients, ranging from corporate and investment banking to retail banking and more. In addition to its banking services, Deutsche Bank also offers wealth management services, asset management services and securities trading.

Pros and Cons

Deutsche Bank is one of the most respected financial institutions in the world. It has a long track record of providing reliable services to its clients. The bank also has a wide range of products and services, which makes it suitable for both retail and corporate clients. On the downside, however, it has been subject to numerous scandals over the years, resulting in huge fines and legal difficulties.

Founders

Deutsche Bank was founded in 1870 by Adelbert Delbrück, Georg Siemens, Ludwig Bamberger and Carl von Dyck. The four founders had experience working in banking and finance, as well as political activism. Their vision was to create a bank that could provide an alternative to existing financial systems.

Public Opinion

The public opinion of Deutsche Bank is generally positive. While the bank has been subject to various scandals in recent years, many people view it as one of the most reliable financial institutions in the world. It has a long history of providing excellent banking services and is well-respected among investors and industry professionals.

Newsworthy Events

In recent years, Deutsche Bank has been involved in several high-profile scandals. In 2015, the bank was fined $2.5 billion by US and UK regulators for its involvement in manipulating foreign exchange rates. In 2017, it was also fined $630 million by US authorities for failing to stop money laundering. In 2018, the bank agreed to pay a $7.2 billion settlement with US authorities over its role in selling toxic mortgage-backed securities prior to the 2008 financial crisis.

More recently, Deutsche Bank has been undergoing a major restructuring process. In 2019, it announced plans to cut 18,000 jobs worldwide as part of its efforts to reduce costs and improve profitability. The bank also announced plans to exit several businesses, including its global equities trading business.

In 2020, Deutsche Bank agreed to pay $150 million to settle charges that it had failed to properly monitor suspicious transactions that may have been linked to money laundering or other illicit activities. The bank also agreed to an additional $425 million penalty with regulators in New York.