EL and thepinto: just to clarify things somewhat, Royal Dutch Shell and Deutsche Bank are not one and the same in any way shape or form. Deutsche [doitcha] Bank, literally means 'german bank' & is headquartered in Frankfurt, Germany but is very much an international bank and is also listed on the New York SX.
The oil co. Shell is usually described nowadays as the Anglo-Dutch supermajor. The Royal Dutch Shell Group was created in February 1907 when the Royal Dutch Petroleum Company (legal name in Dutch, N.V. Koninklijke Nederlandsche Petroleum Maatschappij) and the "Shell" Transport and Trading Company Ltd of the United Kingdom merged their operations[5] a move largely driven by the need to compete globally with the then predominant US petroleum company, John D. Rockefeller's Standard Oil. The terms of the merger gave 60% of the new Group to the Dutch arm and 40% to the British.
AOE Price at posting:
$5.07 Sentiment: Hold Disclosure: Held
