Banking on Global Markets

Christopher Kobrak holds a BA degree in philosophy from Rutgers University and MA, MBA, and PhD degrees from Columbia University in history, finance/accounting, and business history. He is a CPA and has spent ten years working in numerous business positions for Sterling Drug, Inc. He teaches corporate finance and business history at ESCP-EAP, concentrating on international finance, financial theory, history of capital markets, and corporate governance. His publications include: National Cultures and International Competition: The Experience of Schering AG, 1851-1950 (Cambridge University Press), European Business, Dictatorship and Political Risk, 1920-1945, edited with Per Hansen, and articles and reviews in many business history journals. He has taught at Columbia University, Warsaw University, and Toulouse University, from which he received his Habilitation in Management. He is currently working on communications about the economic contribution of family businesses, corporate governance, and foreign direct investment in the service sector.

• 1. Overview of the title and terrain; Part I. On Golden Chariots - Deutsche Bank's US Business 1870 to 1914: 2. First steps; 3. Deutsche Bank and American electrification; 4. The Northern Pacific bankruptcy saga; 5. The fallout; 6. Other transportation and commercial investments; 7. A taste for start-ups; 8. Transitions; Part II. Deutsche Bank and the US During 'Great Disorder' - 1914–57: 9. Personal, communication, and financial breakdowns; 10. War supplies, espionage, and expropriation; 11. Salvaging assets and business prophets in the war's immediate aftermath; 12. Deutsche Bank and reestablishing financial flows; 13. Deutsche Bank and the collapse of the fragile world economic order; 14. Second Phoenix; Part III. Renewal and Re-entry - 1957–2000: 15. Divisive issues and the making of a new financial landscape; 16. From Abs to Kopper and from joint ventures to branching; 17. Bankers' trust; 18. Postscript: Deutsche Bank in the US and the future of multinational banking.

"The story Christopher Kobrak tells in this useful book is...a welcome addition to the literature on banking history...the excellent treatment of the 1870-1914 period alone makes the book a fine addition to German banking history." Richard Tilly, EH-NET