Amritsar, historically remembered as Ramdaspur or Ambarsar, is a city in the north Indian state of Punjab. Rivers Beas and Ravi, distributaries of the great Indus River, flow through two edges of this city. It is esteemed as a holy place by the Sikh community as it hosts the famous Golden Temple. It is an extremely busy and one of the most visited shrines in India, which attracts devotees as well as visitors from India and abroad. Apart from the Golden Temple, a few other notable tourist attractions in the vicinity of the city include Jallianwala Bagh, Akal Takht and Durgiana Temple. The daily ritual at the Wagah border is also attended by thousands of visitors every day. The Ram Teerath Ashram at Amritsar is also frequented by many Hindu devotees. It is believed to be the Ashram of Maharishi Valmiki, who had written the epic of Ramayana. Tourism greatly contributes to the Amritsars economy. Several small-scale and light-engineering industries also thrive in this area. Handicrafts like carpets and fabrics as well as farm products also contribute to the economy of the city. Amritsar is a residential as well as a commercial hub. There are many exciting spots for shopping and recreation in and around the city. The delicious Punjabi cuisine is also worth mentioning at this juncture. With numerous reputed academic institutions and all the modern amenities needed for a comfortable life, Amritsar is not only the global heart of the Sikh religion but also a lovely place to live in.
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 .