Banking on Global Markets: Deutsche Bank and the United States, 1870 to the Present

by Christopher Kobrak

• ISBN13: 9780521863254
• ISBN10: 0521863252
• Format: Hardcover
• Copyright: 2008-02-21
• Publisher: Cambridge University Press

Summary

Banking on Global Markets uses the story of the U.S. business and political dealings of Germanys largest bank to illuminate developments in the ongoing globalization of major financial institutions. Throughout its nearly 140-year-long history, Deutsche Bank served as one of Germanys principal vehicles for forging links with the rest of the world, and the U.S. market probably remained Deutsche Banks highest foreign priority and its most frustrating challenge. Banking on Global Markets traces Deutsche Banks involvement with the United States in the context of a changing national and international regulatory and economic environment. It is the story of how international cooperation furthered and conflict hindered those endeavors, and how international banking evolved from a very personalized business between nations to one dominated by enormous transnational markets. Christopher Kobrak weaves together how these financial, political, and institutional developments have helped shape the emerging new international order.

Table of Contents

Overview of the title and terrain

On Golden Chariots - Deutsche Bank's U.S. Business 1870 to 1914

First steps

Deutsche Bank and American electrification

The Northern Pacific bankruptcy saga

The fallout

Other transportation and commercial investments

A taste for start-ups

Transitions

Deutsche Bank and the U.S. During 'Great Disorder' - 1914-1957

Personal, communication, and financial breakdowns

War supplies, espionage, and expropriation

Salvaging assets and business prophets in the war's immediate aftermath

Deutsche Bank and reestablishing financial flows

Deutsche Bank and the collapse of the fragile world economic order

Second Phoenix

Renewal and Re-entry - 1957-2000

Divisive issues and the making of a new financial landscape

From Abs to Kopper and from joint ventures to branching

Bankers' trust

Postscript: Deutsche Bank in the U.S. and the future of multinational banking

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