RV Blog Enrich: How Did Deutsche Bank become a Wall St. Giant?

Enrich: How Did Deutsche Bank become a Wall St. Giant?

Enrich explains why Deutsche Bank’s purchase of Morgan Grenfell – the bank’s first foray into the “wild west” of investment banking – and the assassination of CEO Alfred Herrhausen only a week after that purchase was the beginning of the road to disaster for Deutsche. He tells how Deutsche successfully transformed itself into a Wall St. giant with aggressive hiring, acquisitions, and use of its massive balance sheet to quickly become a big player in global finance.

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