The crisis was, in terms of its political impact, the most disastrous economic event of the century. Lippman's group made money off of these bets, even as Deutsche overall lost money on the CDO market. InDeutsche Bank confirmed officially that it had been involved in Auschwitz.
Inthe company name changed back to Deutsche Bank.
Sign me up relevant to your area of business. The bank merged with other local banks in to create Deutsche Bank und DiscontoGesellschaft, at that point the biggest ever merger in German banking history. Most of the staff affected are based in London and New York. Another was the trend towards concentration throughout the industry in the s.