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Dark Towers
Book

Dark Towers

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

Custom House, 2020 más...


Editorial Rating

8

Qualities

  • Controversial
  • Eye Opening
  • Engaging

Recommendation

You would think that by now journalists would have plumbed every possible angle of the secretive world of global finance. Not quite, as this riveting tome by The New York Times’ David Enrich shows. In his telling, German financial giant Deutsche Bank is a deeply dysfunctional institution, one that rarely turns down credit to a flimflam artist or declines an opportunity to run afoul of banking regulations. Enrich details a century-plus of bad loans, shady dealings and a relationship with a US president that’s rife with conflicts of interest. Derivatives and refinancing aren’t usually the stuff of page-turners, but Enrich digs up the most suspenseful material and keeps you engrossed all the while.

Take-Aways

  • In its century and a half of existence, Deutsche Bank has made misstep after misstep.
  • Early in its history, the bank showed an appetite for lending to outlandish entrepreneurs.
  • Deutsche Bank became more aggressive in its risk taking in the 1990s and early 2000s.

About the Author

David Enrich is the finance editor at The New York Times. He previously was an editor and reporter at The Wall Street Journal.


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