Guwahati, often pronounced as Gauhati in the regional dialect, is a scenic city situated in the north-eastern state of Assam. It lies on the foothills of the Shillong plateau and the Brahmaputra River flows through it. Guwahati is a larger expanse that encompasses the city of Dispur which is the administrative capital of Assam. Guwahati is the hub for trade and commerce in the northeast with the economy of the city driven by tea plantations and tourism. Industries such as pharmaceuticals, oil, electronics and textiles also contribute to it. The Guwahati refinery is one of the oldest refineries in India which contributes substantially to the economy and employment in the city. Assam is known for its tea. Most of the tea leaf processing and trade happens through Guwahati. The city also boasts of its beautiful handloom and textiles that are exported to all parts of India. Education is a rapidly developing sector in Guwahati. Some of the countrys finest institutions like the IIT have been set up in the city in addition to the older prestigious institutions that were already extant in Guwahati. Tourism is a dominant sector and the city acts as a gateway to the entire Northeast. The Kamakhya temple and the Umananda temple draw innumerable devotees every year.
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 .