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

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.