Financial institutions need a lot of money to stay afloat and that means a bank, whether they’re in the retail banking business or the financial services sector.
When you need a bank that’s more than a branch office, or a branch that can handle a few thousand transactions a day, you need one that can cover the full gamut of customer needs.
That’s why many banks have been aggressively searching for a more “global” financial address and a financial institution with the expertise and resources to handle their specific needs.
It’s also why there’s been a significant uptick in investment banking banking and the other types of banking that are increasingly required for big-ticket acquisitions, like real estate, tech, media, and healthcare.
But when you want a banking location that can support the needs of a company like Airbnb or Uber, you’re going to need a banking address that can serve those needs.
And that’s exactly what Deutsche Bank did when it moved from its traditional branch office in Manhattan to its new headquarters in New York City.
The bank has since moved into a larger building, known as the $1.9 billion headquarters complex, which is located just off the Brooklyn Bridge.
In a statement, Deutsche Bank CEO John Cryan said that the new building has “made it possible for us to expand our global reach, with more than 4,000 new banking and investment banking offices that are open to our customers in Asia, Europe, Latin America, the Middle East and Africa.”
And while there will be some changes to the architecture of the bank, Deutsche’s CEO said that “in the coming years, we will continue to build upon our existing infrastructure, including our existing offices and technology and will continue our efforts to improve the customer experience.”
It’s important to note that the building is not a new building.
It is, rather, a completely renovated office building that has been converted from a single-story office building into a large complex with offices, retail, and retail retail offices.
As part of the deal with Airbnb, Deutsche has agreed to provide an apartment for all the people who will be housed at the new headquarters, including senior executives and employees.
While there have been other recent investments in big office buildings, Deutsche and other financial institutions have generally focused on their most expensive and expensive office locations.
And while Deutsche Bank has been relatively well-known for being a big landlord in New Jersey, it’s now moving into the very competitive housing market in Manhattan.
“The New York office is a huge financial institution that is well-established in the financial markets and is a key player in the Manhattan real estate market,” David Lefkowitz, a senior adviser at Bancorp, told National Review.
“There is an expectation that the company is going to be very, very active in the market for residential real estate in Manhattan, but the real estate is not the key driver.”
The company has also moved into the area where the housing crisis is most acute, which Lefkeow said is a relatively new space for financial institutions in the New York market.
It was the largest single office complex in New Orleans during the Hurricane Katrina and the largest office complex by revenue in the U.S. during the financial crisis, according to Bancorporation.
In the wake of the financial meltdown, many financial institutions began moving offices out of New Orleans to make way for new developments, such as luxury apartments and office towers.
The office building in New London, Connecticut, is home to more than 100 banks, and in recent years, the bank has been moving to build a new branch in the area to help expand its offerings.
“The New London branch has been a huge success in helping to expand the financial industry in the region, and the financial institutions there have seen significant improvements in their operational capacity, customer service, and ability to offer better services,” BancCorp CEO James R. Ewing told National Journal in February.
A new office is expected to open by the end of this year in the Brooklyn borough of Brooklyn, where Deutsche is moving its headquarters.
And Deutsche Bank, which has had some rough waters since the financial downturn, is looking to get back on its feet in the new Manhattan.
Deutsche Bank will be opening up its New York offices to the public starting in 2018, but it’s not clear when it will open its Brooklyn offices to residents.