Dark Towers Titelbild

Dark Towers

Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

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Dark Towers

Von: David Enrich
Gesprochen von: BJ Harrison
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Über diesen Titel

“In Dark Towers, David Enrich tells the story of how one of the world’s mightiest banks careened off the rails, threatening everything from our financial system to our democracy through its reckless entanglement with Donald Trump. Darkly fascinating and yet all too real, it’s a tale that will keep you up at night.”
— John Carreyrou, Pulitzer Prize winner and New York Times bestselling author of Bad Blood

A searing exposé of the most scandalous bank in the world, including its shadowy ties to Donald Trump’s business empire

On a rainy Sunday in 2014, a senior executive at Deutsche Bank was found hanging in his London apartment. Bill Broeksmit had helped build the 150-year-old financial institution into a global colossus, and his sudden death was a mystery, made more so by the bank’s efforts to deter investigation. Broeksmit, it turned out, was a man who knew too much.

In Dark Towers, award-winning journalist David Enrich reveals the truth about Deutsche Bank and its epic path of devastation. Tracing the bank’s history back to its propping up of a default-prone American developer in the 1880s, helping the Nazis build Auschwitz, and wooing Eastern Bloc authoritarians, he shows how in the 1990s, via a succession of hard-charging executives, Deutsche made a fateful decision to pursue Wall Street riches, often at the expense of ethics and the law.

Soon, the bank was manipulating markets, violating international sanctions to aid terrorist regimes, scamming investors, defrauding regulators, and laundering money for Russian oligarchs. Ever desperate for an American foothold, Deutsche also started doing business with a self-promoting real estate magnate nearly every other bank in the world deemed too dangerous to touch: Donald Trump. Over the next twenty years, Deutsche executives loaned billions to Trump, the Kushner family, and an array of scandal-tarred clients, including convicted sex offender Jeffrey Epstein.

Dark Towers is the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality—the corporate equivalent of a weapon of mass destruction. It is also the story of a man who was consumed by fear of what he’d seen at the bank—and his son’s obsessive search for the secrets he kept.

Banken & Bankwesen Politik & Regierungen Ökonomie

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Am relevantesten
The author wants to tell a story (about trump mainly) and cherry picks data to spin that story. This is not a history about a bank. The knowledge of finance of the author also seems to be quite weak which probably didn’t help (what does that say about front page finance journalism?). If you want to read a banking history go for any of the corresponding Chernow books or Niall Furgenson’s series on the Rothschilds.
No historically interesting questions were answered. Why did German banks decide to push into Wall Street in the 90’s? Why did the leadership give so much autonomy to local leaders? Why did they manage the fallout worse than the Swiss or French banks?

Disappointing

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