1977 - 1987

DB in Italy

  • 1977: Deutsche Bank's first representative office was opened in Milan, and two years later became the Group's first Italian branch.  
  • 1986: Acquisition of Banca d'America e d'Italia

DB in the world

  • 1976-79: Offices were opened in Milan, London, Tokyo, Paris, Brussels, Hong Kong and Madrid
  • 1978: DB was listed on the Brussels Stock Exchange
  • 1984: The Group's office in Frankfurt - the Twin Towers at Taunusanlage, which house around 2,000 people - was inaugurated 
  • 1984: The Art Works concept was launched, creating one of the richest corporate collections of contemporary art in the world, with more than 60,000 works exhibited in 900 locations
  • 1986-88: Expansion to 12 Asian countries, as well as Brazil, Canada, Portugal and Holland

Scenario

Colour television finally arrived in Italy, while political terrorism became rampant (the so-called Years of Lead). In 1977, the International Monetary Fund (IMF) made a loan of $530 million to Italy. In December 1978, the European Monetary System was created in Brussels. 1983 saw the arrival of the first "secular" government under Bettino Craxi, as well as the internet age and the creation of mutual funds. In 1985, Mikhail Gorbachev became President of the USSR. In 1986, Finanza & Futuro SpA, a financial promotion start-up, was founded. 19 October 1987 became known as Black Monday: the Dow Jones lost 22.61% in just one day. In the same year, Ronald Reagan and Mikhail Gorbachev signed a treaty in Reykjavík relating to the reduction of nuclear weapons.

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Last Update: March 29, 2017
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