Banking on Global Markets
First published in 2008, 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.