Neuer Aufbruch ins globale Bankgeschäft: Die Personal- und Steuerungsprobleme der Deutschen Bank beim Einstieg ins internationale Investmentbanking
| Autor: | Sattler Friederike |
|---|---|
| Jazyk: | German<br />English |
| Rok vydání: | 2023 |
| Předmět: |
deutsche bank
investmentbanking alfred herrhausen deutsche bank capital markets morgan grenfell bankers trust vergütungssysteme personal- und steuerungsprobleme investment banking renumeration systems staffing and governance problems n 20 n 22 n 24 n 84 Economic history and conditions HC10-1085 Economics as a science HB71-74 |
| Zdroj: | Jahrbuch für Wirtschaftsgeschichte, Vol 64, Iss 2, Pp 407-432 (2023) |
| Druh dokumentu: | article |
| ISSN: | 0075-2800 2196-6842 |
| DOI: | 10.1515/jbwg-2023-0015 |
| Popis: | 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. |
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