Deutsche Bank AG
Deutsche Bank is a German investment bank and financial services company headquartered in Frankfurt. It has a presence in 58 countries, with a large presence in Europe, the Americas and Asia. Deutsche Bank is the 17th largest bank in the world by total assets.(Dec.2017)
The bank is structured into 3 divisions, based around their 3 types of clients: private, fiduciaries & institutions, and corporates.
- Private & Commercial Bank: the market leader in Germany as measured by number of clients. Postbank, Deutsche Bank’s international Private & Commercial Clients business, and the global Wealth Management business, are part of this division.
- Corporate & Investment Bank: comprises Corporate Finance, Equities, Fixed Income & Currencies, and Global Transaction Banking businesses, aiming primarily at a corporate-client led business. ref Website
- Asset Management
Tax Policy: The Dummy Company at the Heart of Deutsche Bank Money Laundering Probe. The records of Deutsche Bank's former subsidiary Regula Ltd shine a light on how one of the world’s largest banks helped shield the identities and machinations of the world’s rich and powerful. Deutsche Bank helped clients maintain hundreds of offshore companies. International Consortium of Investigative Journalists, May.28.2019.
Financing Fossil Fuels:[1]
Tar Sands: $136m
Arctic Oil: $239m
Offshore: $806m
Fracking: $655m
LNG Export: $45m
Coal Mining: $289m
Coal Power: $297m
Company
- 6.00%
Cerberus Capital Management LP
- 4.82%
Hainan Traffic Administration Holding Co Ltd†
- 4.07%
Hamad bin Jassim bin Jabor Al-Thani, Qatar Holding LLC Chairman[1]
- 3.14%
Hudson Executive Capital LP
- 3.10%
Capital Research & Management Company (International)
- 2.95%
Vanguard Group Inc
- 1.47%
Goldman Sachs International
- 1.38%
Lyxor International Asset Management SAS[2]
- 1.37%
BlackRock Asset Management Deutschland AG
- 1.16%
Capital Research & Management Company (World)
Deutsche Bank UK
Deutsche Bank employs 8,000+ people in the UK, and is one of the largest employers in the City.ref (that's all she wrote)
Asset Management
DWS Group GmbH & Co. KGaA
DWS Group GmbH & Co. KGaA, trading as DWS KGaA, is a partnership limited by shares, headquartered in Frankfurt am Main. It is a financial holding company, and parent company of the DWS group. The DWS group comprises domestic and foreign companies that provide asset management services. Its General Partner is DWS Management GmbH.ref Deutsche Bank AG holds a 79.5% shareholding as of Mar.2020:
- Mar.2018: Formerly Deutsche Asset Management, DWS was separated from the bank and publicly listed.ref,ref Deutsche Bank holds a majority stake of 77.8% (Jan.2019).
- 1999: Deutsche Asset Management: use of the Morgan Grenfell name was discontinued.ref
- 1995: Deutsche Morgan Grenfell: As Deutsche Bank started to exert more explicit control following the discovery of irregularities in the asset management business resulting in a £2m fine and board resignations, the firm was renamed.
- 1990:
Morgan Grenfell was acquired by 4.9% shareholder Deutsche Bank who had ambitious expansion plans but no significant investment banking operation in London apart from bond trading. Morgan Grenfell agreed terms after ending talks with Barclays Bank.ref
See also MarketScreener, Encyclopedia.com, Morgan, Grenfell & Co., DDG
DWS Investment GmbH
Founded in Hamburg in 1956 as "Deutsche Gesellschaft für Wertpapiersparen mbH" (Deutsche Enterprise for Securities Savings), the name was later shortened to DWS, "Die Wertpapier Spezialisten" (The Fund Specialists). Originally, the activities involved products and investment services that were initially offered to investors in Germany and throughout Europe. Activities under the DWS Investments brand were later expanded to include separate line-ups of products and investments services for investors in the USA, Asia and other regions. Today, DWS Investments offers investors access to local insight and perspective from around the world.
Timeline
Articles
- Mar.28.2018: Top Banks Pumped Billion$ More Into The Dirtiest Fossil Fuels Last Year. Even as they claimed they were committed to fighting climate change. RAN's report shows Goldman Sachs and Deutsche Bank lead the pack among Western lenders. When contacted, Deutsche Bank said "Word Salad". Laura Paddison, HuffPost.
- Jan.31.2017: Deutsche Bank to Stop Financing Coal Projects - Or Is It? One of the world's 10 largest coal financiers, Deutsche Bank is to stop all new loans to coal projects. But dig behind the PR, and it turns out that only covers "project financing" - ~10% of its coal-related financing. The commitment does not affect lending money to coal companies. Urgewald calculated that ~90% of Deutsche Bank's coal-related loans will be unaffected. Fossil Free Europe.
- Deutsche Bank claims its "objectives are to promote sustainable business, to ensure our risk management processes are aligned with industry good practices, and to increase transparency".Jan.2017, p.1 However, the claims are at odds with its actions.
References
- ^ Banking on Climate Change: Fossil Fuel Finance Report 2020. The new Report shows financial support for the Fossil Fuel Industry has increased every year since the Paris Agreement was adopted in Dec.2015. Again, the big USA banks dominate; again, JPMorgan Chase leads the pack, with Wells Fargo, Citigroup, and Bank of America close on their heels. These 4 banks alone are responsible for 30% of all fossil fuel financing out of the 35 major global banks since the Paris Agreement was adopted. Rainforest Action Network, Mar.20.2019.