The Indian city of Bhavnagar is situated in the western state of Gujarat. It is often called ?Bhavena? by the residents. The city serves as the administrative headquarters of Bhavnagar District which was established by and named after Bhavsinhji Gohil. Bhavnagar city was the former capital of the Bhavnagar princely state, which was later merged into India in 1948. The city is a gateway to the Saurashtra region of Gujarat. It has some of the holiest temples of the Jain religion. The economy of this city is primarily industrial in nature. There are a large number of medium and small-scale industries based in the city. Diamond cutting and polishing units, plastics, salt and marine chemicals, shipbuilding and ship-breaking industries are widely popular in the Bhavnagar area. Besides the industrial units, the citys economy also benefits from agriculture. Groundnut, onion, cotton, bajra, guavas and pomegranate and mango are cultivated and traded. The city is known for its version of the traditional Gujarati snack Ganthiya. There are many government-run as well as private educational institutions in this city. Moreover, Bhavnagar attracts quite a lot of religious pilgrims since it is close to the Palitana Jain Temples. Other places like Blackbuck National Park, Takhteshwar Temple, Khodiyar Mandir, Victoria Park, Nilambag Palace Hotel, etc. also attract many tourists.
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 .