Bhagalpur is a historically important city. It is nestled on the banks of the Ganges in the Indian state of Bihar. Etymologically, the name of the city was derived from the word Bhagdatpuram which means good luck. According to the Hindu mythological texts, it was the place where the Hindu Gods and demons churned the ocean (Samudra Manthan) to procure elixir. Often referred to as the Silk City, Bhagalpur is a major commercial, educational and political center, and it has been selected by PM Narendra Modi for being developed into a smart city. The fertile plains in the Gangetic basin support the cultivation of crops such as rice, barley, wheat, maize and oilseeds. The city has been long associated with the silk industry - its Tussar Silk & Bhagalpuri Sarees are famous all over the country. The thermal power plant of NTPC Kahalgaon is located in the vicinity of the city. This industrial belt is equally important in boosting the citys economy. The Government of India has taken the initiative to establish a Hand-loom park at Bhagalpur. Private entrepreneurs have also set up a food park. Bhagalpurs Vikramshila Gangetic Dolphin Sanctuary is famous for Gangetic dolphins and attracts many tourists and environmentalists. There are various tourist spots like the Mandar Parvat, the Kuppa Ghat and a Stupa from the Pala Empire.
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 .