Deutsche Bank AG Stock

Description Deutsche Bank

Deutsche Bank (Symbol: DB) is a German multinational investment bank and financial services company. It was founded in 1870 and is headquartered in Frankfurt, Germany.

The company provides a range of services including corporate finance, investment banking, retail banking, private banking, asset management, wealth management, and transaction banking. Deutsche Bank has a global presence, with operations in more than 70 countries and employs around 90,000 people.

As of 2021, Deutsche Bank is listed on several exchanges including the New York Stock Exchange (NYSE) and the Frankfurt Stock Exchange (FSE). Its shares are traded under the ticker symbol DB.

Over the years, Deutsche Bank has faced numerous controversies including accusations of money laundering, involvement in the subprime mortgage crisis, and fraudulent tax deals. As a result, the company has undergone major restructuring and reforms in recent years to improve its financial stability and ethical practices.

Competitors of Deutsche Bank

Deutsche Bank (Symbol DB) has several important competitors in the banking and financial services industry. Here are some of the top competitors:

1. JPMorgan Chase Co. (Symbol JPM) - JPMorgan Chase is one of the largest banking and financial services companies in the world, with operations in over 100 countries. The company offers a range of services, including investment banking, asset management, commercial banking, and wealth management.

2. Goldman Sachs Group Inc. (Symbol GS) - Goldman Sachs is one of the leading investment banking and securities firms in the world. The company offers a range of financial services, including securities underwriting, investment management, and private equity.

3. Wells Fargo Co. (Symbol WFC) - Wells Fargo is a diversified financial services company that provides banking, investment, and insurance services to customers around the world. The company's business segments include community banking, wholesale banking, and wealth and investment management.

4. Bank of America Corp. (Symbol BAC) - Bank of America is a leading provider of banking and financial services, with operations in over 35 countries. The company offers a range of services, including consumer banking, commercial banking, investment banking, and wealth management.

5. Morgan Stanley (Symbol MS) - Morgan Stanley is a global financial services firm that provides investment banking, wealth management, and institutional securities services to clients around the world. The company is known for its focus on mergers and acquisitions and raising capital for corporate clients.

Suppliers of Deutsche Bank

As a financial institution, Deutsche Bank has a variety of suppliers that provide it with goods and services across different categories. Some of the most important suppliers for Deutsche Bank include:

1. Technology Suppliers: Deutsche Bank requires a range of technology solutions to operate its business, including software applications, hardware, network infrastructure, and cybersecurity products. Microsoft, Cisco Systems, and SAP are some of the key technology suppliers for Deutsche Bank.

2. Professional Services Suppliers: Deutsche Bank relies on a range of consulting firms, legal service providers, and accounting firms for regulatory compliance, tax filing, and other professional services. PwC, Deloitte, and EY are some of the leading professional services suppliers for Deutsche Bank.

3. Real Estate Suppliers: Deutsche Bank has a substantial real estate portfolio, including offices, branches, and other facilities. To manage and maintain this property portfolio, Deutsche Bank relies on property management firms, maintenance services, and construction companies such as Jones Lang LaSalle, CBRE Group, and Skanska.

4. Office Supplies and Services Suppliers: Like any other organization, Deutsche Bank needs office supplies, stationery, and a range of other services such as cleaning, catering, and transportation. Staples, Aramark, and UPS are some of the leading office supplies and services suppliers for Deutsche Bank.

Overall, Deutsche Bank relies on a diverse set of suppliers to support its operations, and the importance of each supplier may vary depending on the specific business unit or function requiring their services.