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

This book looks at the US business and political dealings of Deutsche Bank to illuminate developments in the globalization of major financial institutions.

Christopher Kobrak (Author)

9781107411807, Cambridge University Press

Paperback / softback, published 13 December 2012

512 pages
23.4 x 15.6 x 2.6 cm, 0.71 kg

"...meticulously researched." -Mark S. LeClair, Eastern Economic Journal

Banking on Global Markets uses the story of the US business and political dealings of Germany's 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 Germany's principal vehicles for forging links with the rest of the world, and the US market probably remained Deutsche Bank's highest foreign priority and its most frustrating challenge. Banking on Global Markets traces Deutsche Bank's 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 endeavours, 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.

1. Overview of the title and terrain
Part I. On Golden Chariots - Deutsche Bank's US Business 1870 to 1914: 2. First steps
3. Deutsche Bank and American electrification
4. The Northern Pacific bankruptcy saga
5. The fallout
6. Other transportation and commercial investments
7. A taste for start-ups
8. Transitions
Part II. Deutsche Bank and the US During 'Great Disorder' - 1914–57: 9. Personal, communication, and financial breakdowns
10. War supplies, espionage, and expropriation
11. Salvaging assets and business prophets in the war's immediate aftermath
12. Deutsche Bank and reestablishing financial flows
13. Deutsche Bank and the collapse of the fragile world economic order
14. Second Phoenix
Part III. Renewal and Re-entry - 1957–2000: 15. Divisive issues and the making of a new financial landscape
16. From Abs to Kopper and from joint ventures to branching
17. Bankers' trust
18. Postscript: Deutsche Bank in the US and the future of multinational banking.

Subject Areas: Economic history [KCZ], 20th century history: c 1900 to c 2000 [HBLW], History of the Americas [HBJK], European history [HBJD]