|By (author):||Enrich, David|
|Subject:||BUSINESS & ECONOMICS / Banks & Banking|
|BUSINESS & ECONOMICS / Economic History|
|NON-FICTION / General|
|POLITICAL SCIENCE / Corruption & Misconduct|
|Size:||9.00in x 6.00in x 1.29in|
|From The Publisher*|
"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.
|Review Quote*||"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."|
|Review Quote*||"In this case, ‘epic' is right - Dark Towers is a mystery, a thriller, a father-son drama. Did I mention Donald Trump? It's a distinctly American drama of greed, hubris and power that kept me racing to the finish."|
|Review Quote*||"In this masterful account of a bank gone bad, David Enrich turns financial journalism into gripping, page-turning crime reporting. Tracking the sordid history of Deutsche Bank-from financing robber barons, Nazis, and rogue states to laundering Russian money to underwriting Donald Trump to threatening global economic security - Enrich deftly delivers a compelling narrative that intertwines harrowing institutional corruption and engaging personal tales. It's a wild ride and a great read."|
|Review Quote*||"A deep-reaching look at the inner workings of Deutsche Bank, Donald Trump's lender of choice."|
|Review Quote*||"New York Times finance editor Enrich's immersion in this shadowy world of monetary malfeasance shows how the disreputable world of big-stakes banking could topple an equally unscrupulous president."|
|Review Quote*||"As entertaining as the colorful character portraits are, what makes The Spider Network truly memorable are the portraits of the various institutions that made the scandal not just possible but inevitable."|
|Review Quote*||"A thrilling tour de force of reporting, revelation and reasoning. For anyone who wants to understand what really went on inside a scam of epic proportions, The Spider Network is unmissable."|
|Review Quote*||"A feat of reporting, and much of it reads like a novel. . . . Enrich's unfettered access to Hayes and his keen eye for detail make for a compelling portrait of a gifted but troubled man."|
|Review Quote*||"A damning look at the culture of trader chicanery… Enrich has sidestepped the temptation to slip into author-as-prosecutor mode, instead going the wry tour guide route to lucidly (and often hilariously) usher readers through the Looney Tunes world that wrought l'affaire Libor."|