BANKING AFFAIRS

Detailed explanation-1: -Deutsche Bank AG (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ( listen)), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.

Detailed explanation-2: -Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management.

Detailed explanation-3: -Deutsche Bank AG is a stock corporation (’Aktiengesellschaft’) incorporated under the laws of the Federal Republic of Germany with principal office in Frankfurt am Main.

Detailed explanation-4: -’AG’ is an abbreviation for the German word Aktiengesellschaft, which literally translates to ‘stock corporation’ or ‘shares corporation’ in English. AG companies trade publicly on stock exchanges with the majority of companies trading on the DAX.