Key Dates

Key Dates:

1870: Deutsche Bank AG is founded in Berlin.

1873: A London branch is opened.

1876: Deutsche Union-Bank and Berliner Bankverein are acquired.

1914: Acquisition of Bergische-Märkische Bank increases the branch network from eight outlets to 46.

1929: Deutsche Bank merges with Disconto-Gesellschaft to form Deutsche Bank und Disconto-Gesellschaft.

1933: The Nazis come to power in Germany, beginning the period of collaboration between Deutsche Bank and the Hitler regime; Jewish board members are ousted.

1937: The bank's name is changed back to Deutsche Bank.

1945: With eastern Germany occupied by the Soviets, Deutsche Bank is run out of Hamburg; the bank has been forced to give up all of its international holdings.

1947/48:In western Germany, Deutsche Bank is divided into ten separate institutions.

1952: The ten West German successor banks are combined into three joint-stock banks.

1957: The three joint-stock banks are merged to form a single Deutsche Bank AG, based in Frankfurt.

1960s:Reestablishment of international operations begins.

1968: Deutsche Bank helps found the European-American Bank & Trust Company in New York.

1972: The bank helps found the European Asian Bank (Eurasbank).

1979: First U.S. branch office opens in New York.

1986: Banca d'America e d'Italia S.p.A. is acquired.

1989: U.K. investment bank Morgan Grenfell is acquired.

1990: German reunification leads Deutsche Bank to quickly reestablish itself in Eastern Germany.

1993: Banco de Madrid, a Spanish bank, is acquired.

1994: Deutsche Bank posts losses from the collapses of Jurgen Schneider's property group and Balsam and the near-collapse of Metallgesellschaft.

1995: Global investment banking operations are consolidated under a new London-based unit, Deutsche Morgan Grenfell; Bank 24, a full-service telephone bank, is launched in Germany.

1998: Investment banking operations are restructured and the Morgan Grenfell name is deemphasized.

1999: U.S. investment bank Bankers Trust Corp. is acquired; the retail banking network is merged with Bank 24 to form Deutsche Bank 24.

2000: Deutsche Bank announces merger with archrival Dresdner Bank but the deal collapses.

2001: Operations are reorganized into two units: the Corporate and Investment Bank Group and the Private Clients and Asset Management Group.