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artisbrutal2021 Profile picture
@artisbrutal2021
Apr 14, 2023 • 20 tweets • 9 min read • Read on X
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Breaking down this 2020 article for future use:

"Why is Deutsche Bank Spending so Much on Tech?"
disruptionbanking.com/2020/06/30/why…
According to the Frankfurter Zeitung, back in 1914 Deutsche Bank was the Biggest Bank in the World.. Image
Many think that Deutsche Bank really started to show its’ strength when the Berlin Wall came down, opening up a much larger consumer market and helping it secure its’ base...
Following on from this, ..in 1994 Deutsche Bank (DB) faced a fresh challenge when Deutsche Telekom announced that Goldman Sachs were going to support their Public Offering... Buying Morgan Grenfell in the UK, Banco Madrid in Spain, and

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Bankers Trust in the US was then followed by Deutsche Bank’s own IPO on the NYSE in 2001, helping them establish themselves as a leading Investment Bank as well.
Earlier in the pre-Financial Crisis period Deutsche Bank’s investment banking arm had a reputation in some parts for paying generous remuneration packages under the legendary mentorship of Edson Mitchell, at first and then under Anshu Jain .. ImageImageImage
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"Today, Deutsche Bank are also Donald Trump’s biggest lender in the US, a relationship that many suggest that other Banks would prefer to steer clear of. Couple that with recent stories about Epstein where Daniel Hunter, a DB spokesman, recently released a statement:
“Our reputation is our most precious asset. We regret the decision to associate with Epstein.” Deutsche Bank have had their offices raided on more than one occasion. However, there is some signs of encouragement in the domestic market...
According to Stuart Lewis, Chief Risk Officer at DB
" Deutsche Bank is also benefiting from the German government’s unprecedented aid programs. “Fortunately, almost 50% of our loan book is in Germany, Germany has become an international role model during the crisis.”
"Then there is the Berlin-based Challenger Bank, Number 26 with the charismatic Valentin Stalf at the helm...with Michael Koch of Deutsche Bank back in April 2017, who had been in charge of implementing Online Banking and Mobile Apps at the German banking giant. Image
In July 2019 things started to change dramatically at Deutsche Bank with Christian Sewing, CEO of Deutsche Bank leading a new strategy

db.com/media/?languag… Image
Around the same time as the new strategy was being announced, Deutsche Bank added Bernd Leukert from SAP to the Management Board as Chief Technology, Data and Innovation Officer and this is where things get a little more interesting.. ImageImage
"Bernd is a highly decorated veteran of the German tech scene and by October 2019 Leukert already started to share details of how the banks’ technology approach to building platforms will evolve...
..These days Deutsche Bank are also investing in Centres of Excellence in Romania and India, with Dilip Khandelwal joining from SAP India, reporting directly to Leukert ..🤔
In February Deutsche Bank invited bids from Microsoft , Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said Image
"Sewing said in a speech to shareholders in May that the bank is about to “take a quantum leap in innovation” through working with cloud providers. “We will have access to the most modern IT infrastructure without having to actually own and run it.."..

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"The leadership team at Deutsche Bank appear to have a good Tech strategy plan in place for the business going forward"

#wirecard #SoftBank #CreditSuisse

🤫👇 ImageImage
Now we're going to this video to link a few more things up

"Blockchain Profiting on the Growth of Inequality" with Catherine Austin Fitts of the Solari Report



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It's all connected 👆👇

But I digress

And a new thread is required..

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