Ongole is located in the Prakasam district of the South-Indian state of Andhra Pradesh. The city operates as a municipal corporation as well as the headquarters of the Prakasam district. Ongole also serves as the headquarters of the Ongole mandal in the Ongole revenue division. The city is known for its Ongole cattle, which is a breed of oxen and is a part of the worlds major zebu cattle breeds. The narrow streams of the Gundlakamma river pass through the city. Ongole has around 2 lakh residents who speak in Telugu. Agriculture fuels the economy of Ongole. The city is a center for trading tobacco in Andhra Pradesh. Many units of Galaxy Granite polishing provide a huge employment source to the residents of Ongole. The famous Ongole bulls are actually a breed of Oxen. These animals are exported to various countries. The Brahman bull found in America is considered to be an off-breed of the Ongole. Such off-breeds are found in Malaysia and Brazil too. The original breed of this animal is found in a tiny region around the town, in between the Gundlakamma and Musi Rivers. Ongole is also known for its beautiful parks and educational institutes.
In 1870, the Deutsche Bank was founded in Berlin by Georg Siemens, Adelbert Delbruck, and L.Bamberger. The primary objective of the company is to facilitate trade relations between Germany and other markets, European or overseas. In 1929, the bank associated with other local banks to form Deutsche Bank und DiscontoGesellschaft, the biggest ever merger in the history of German banking. The one reason for the merger was increasing costs. In the 1920s, another trend was towards concentration throughout the industry. The alliance striked at the right time to help counteract the banking crisis. The company name changed back to Deutsche Bank in 1937. After Adolf Hitler came to power, instituting the Third Reich, three Jewish board members were dismissed by the bank in 1933. During the war, Deutsche Bank included other banks which came in hands of Germans while working in Eastern Europe. Banking facilities for the Gestapo were offered by the Deutsche Bank along with the loans credited to build the Auschwitz camp. In the financial year 2008, the Deutsche Bank reported its first annual loss in fifty years inspite of receiving billions of dollars from its insurance arrangements with AIG. The co-CEOs, Jrgen Fitschen, and Anshu Jain, both offered their resignations to the banks supervisory board, which were accepted in 2015 but until January 2016, Jain provided consultancy to the bank. The Fitschen continued as joint CEO until May 2016.On July 2016, the appointment of John Cryan as joint CEO was announced and at the end of Fitschens term, he became the sole CEO .