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Summary

“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 best-selling 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 20 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. 

©2020 David Enrich (P)2020 HarperCollins Publishers

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Non fiction that reads like a thriller!

"Couldn't put it down" which of course means couldn't switch it off in Audible. It ends before the end of the story and we may need a sequel after January 20th 2021!

1 person found this helpful

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A great inside story about global investment banking

A well presented history about DB. First half of the book remains more interesting the the second half given the latter focus on personal tragedies than the bank it self.
Never the less, captivating storytelling with interesting angles for a former Deutsche Bank employee.

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Think before you vote!

A classic real-life story of deception, greed and lies. Wall Street, hang your heads in shame.

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Fantastic

Great read and would highly recommend
Interesting insight into the banking world and the corruption.

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Riveting and devastating

I thoroughly enjoyed this book and it gripped me from the start. keeping up with all the players is easier if you've followed any of the last 4 years of Trumps administration. everyone is intertwined in a bank that not only has multiple bankers committing suicide, funded Auschwitz, sent money to Libya, Iran to pay for ammunition following 9/11 but completely devastated Val, Allas and Bill's lives. I hope the FBI are able to put this bank out of business.

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Eye opening

I can honestly say that despite some knowledge of the corruption, financial misdemeanours & fraud perpetrated by the financial services throughout the world, I had absolutely no idea how bad it was. a great in depth analysis of an institution that circumvented all manner of areas. my opinion of the previous US administration has definitely changed, slight of hand, networking & shady deals- all hidden by an arrogance & disregard for anything of than "the almighty Dollar ". Well worth a read in flesh, so to speak. Great narration & the story moves along at a good even pace. didn't realise how devastating this could be to families embroiled in the corruption & the cowardice of management

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Timely, compelling & informative

If you are interested in global finance, politics & the intersection of dealings between banking, the Trump family, Russian oligarchs & the personal ethical struggle that could cause a man to take his own life, then you will enjoy Dark Towers.
Whilst some of the background detail at the beginning of the book seemed extraneous to the overall arc of the story, this was more than compensated by the gripping tale of what transpired during the Trump years. As an observer of geo-politics and who is behind the movers & shakers of today, David Enrich has exceeded my expectations with this well-researched and timely book. Definitely worth listening to.

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Informative listen

Certainly a well researched book, though felt the author went off tangent at points just to demonstrate how well researched it was. The book kept a good narrative flow throughout and although the story bounces around it's easy to follow the course. I only had to rewind a few times to go over some of the points, perhaps because I easily got lost in the world of Finance, but found David Enrich helped paint a very human picture of the people of Deutsche Bank. BJ Harrison's delivery was a little flat though that probably helped contain my outrage and exasperation (and sometimes bemusement). Book is much more about the history of Deutsche than just it's relationship with Donald Trump than its blurb suggests.
Would definitely recommend.

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This book might have been good if it was cut in half.

This book had the potential to be good but it’s poorly edited and should half been cut in half.

It’s a shame as the subject matter was strong.

I suspect it will sell well due to mention of Trump but he only plays a bit part of the story and it feels he was only mentioned to increase sales.

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Insight

Excellent book, a great insight into the financial world of Deutsche Bank and it's rise.

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  • Arno
  • 30-06-20

Absolute Must hear - a full view of DB!!

sets the recent history of Deutsche Bank in perspective. From Herrhausen killed by the RAF to the Ackermann Regime to the Russians with Trump as the nail to the coffin. DB can not allowed to fail, it would topple Germany and with that the EU. So get used to the financial darkness & evil of unabridged greed of this malign institution indirectly funded by the collapse of the Soviet empire and the rise of Putin's oligarchy.