Deutsche Bank AG is a the biggest German bank, with its headquarters in Frankfurt. It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world.
Shares of Deutsche Bank AG (DB) declined as much a 5% in early trading session on July, and more ever since, after the German banking group reported a 98% decline second quarter profits, driven by costs related to the company's massive restructuring efforts. Sources inform that 3 major banks are in trouble, and these 3 banks are fighting every single night to fight off insolvency and failure. He says CitiGroup in New York, Barclays in London, and Deutsche Bank in Germany- every single night are in trouble. While debt trading revenue climbed 22 percent at the top U.S. investment banks in the quarter, Deutsche Bank's fixed-income trading revenue fell 19 percent. In foreign exchange, performance was flat, a sign that restructuring is preventing the bank from getting the most out of the market action.
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Los Angeles Unified School District (CA)
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