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- Title
Neuer Aufbruch ins globale Bankgeschäft: Die Personal- und Steuerungsprobleme der Deutschen Bank beim Einstieg ins internationale Investmentbanking.
- Authors
Sattler, Friederike
- Abstract
The article examines the genesis, perception and handling of the staffing and governance problems of Deutsche Bank, which stemmed from its entry into international investment banking in the mid-1980s and which have remained virulent into the bank's recent past. Why was it not possible to prevent the blatant, extremely costly and permanently reputation-damaging breaches of rules by many investment bankers in this business area? An important explanatory factor seems to be the only half-hearted adherence to the concept of a global universal bank with integrated investment banking, while investment banking – which expanded strongly through the acquisitions of Morgan Grenfell (1989) and Bankers Trust (1998) – was de facto granted extensive autonomy within the group and a continuous but not precisely recorded transfer of resources by the parent company.
- Subjects
DEUTSCHE Bank AG; INVESTMENT banking; INTERNATIONAL banking industry; BANK investments; CONTINUOUS groups; FOREIGN investments; INVESTMENT bankers
- Publication
Jahrbuch für Wirtschaftsgeschichte, 2023, Vol 64, Issue 2, p407
- ISSN
0075-2800
- Publication type
Article
- DOI
10.1515/jbwg-2023-0015