In a LinkedIn posting, just following the former Time Warner Center’s official renaming ceremony, Riley said she regarded it as an “ongoing return to normalcy” and symbolic of “the opportunities we have - as a bank, as a community, and as a city. In the end, Deutsche says on its website that its aim is nothing less than “to make the bank a pillar of society once again.”Ĭhristiana Riley, the bank’s Americas CEO, told Bloomberg last month that the new headquarters is “just as seminal, just as pivotal” as Deutsche’s decision 20 years ago to be the first company to IPO after the 9/11 attacks ground the New York Stock Exchange to a halt. And it has had a rocky relationship with one of its most prominent borrowers, Donald Trump, who owes hundreds of millions - which Deutsche executives said in 2020 the bank was trying to offload from its books in an attempt to break ties with the former president. Just this January, the bank agreed to pay $130 million largely to settle claims that it used middle-men to hide payments in an effort to boost global business.
Its involvement in the mortgage bubble that burst and brought about the global financial crisis more than 12 years ago led Deutsche to issue a public apology. New beginnings are the order of the day for one of Europe’s largest banks. Now it will be in Deutsche Bank Center, with almost 5,000 staff members overlooking the southwest corner of Central Park.Īt Deutsche Bank Center, a lot of the numbers-crunching that precedes a loan might take place outside on a picnic bench overlooking said park or the open terrace’s own green plantings.
In the years since 1979, when it opened its New York branch, in the darkest days of the city’s graffiti-scarred, arson-riddled existential crisis, Deutsche has been all around Manhattan. has alighted to 30 Hudson Yards, built by the same developer as Deutsche Bank Center, Stephen Ross’ Related Companies.Īlison Kwiatkowski, Deutsche’s Americas business partner for its global real estate team, said in an interview last week that the bank is in the second month of a six-month process to move staff from Lower Manhattan’s 60 Wall Street, its longtime American headquarters, up to the center at Columbus Circle in Midtown. Which now and henceforth will be known as Deutsche Bank Center. The German bank is replacing AT&T’s Warner Communications as the anchor of what used to be known, and is probably still known to a lot of people, as Time Warner Center. SEE ALSO: Law Firms, Long Rigid About Being in the Office, Warm to Remote Work
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