'Dark Towers' Chases Scandal-Ridden Deutsche Bank's Mysterious Ties To Donald Trump

Some of the world's largest and most powerful banks spent the past decade mired in scandal, but none descended as far into ignominy as Germany's Deutsche Bank. Its rap sheet includes a staggering array of ethical and legal lapses, including money laundering, tax fraud and sanctions violations — not to mention mysterious ties to President Trump that federal investigators are even now looking into.

It started by recruiting Edson Mitchell, an American executive from Merrill, who believed Deutsche Bank's"stubborn Germanness was the main impediment to unleashing its full animal spirits." Mitchell set about building a global markets operation, not at the bank's Frankfurt headquarters but in London, where he could function more independently. He hired a staff of"bloodthirsty piranhas" from Wall Street who knew how to push boundaries, as Enrich's tale tells.

Mitchell died early in a plane crash, but the machinery he built kept chugging along. Enrich tells the story of its rise and fall in the careful style of a good newspaper reporter but allows the complicated material to unfold like a good novel. With the piranhas in charge, Deutsche Bank eventually became the biggest bank in the world, with 90,000 employees and some $2 trillion in assets — almost the size of the German economy, Enrich notes. Despite that, it was a clumsily managed place. The bank's antiquated computer system made it difficult for senior management to monitor London's activities, even if they'd wanted to — and it's not clear they did.

Follow the rubles laundered to deutche marks laundered to dollars laundered to buy a president.

Sounds like we need to ImpeachTheMFAgain

A great book. I'm hooked.

Tbh if Democrats ever cared about corruption or ever wanted to legitimately impeach trump they would have pressed this issue harder. Definite syndicate activity... but Democrats care more about putting on a show than actual truth and justice...

It seemed Deutsche Bank may have created that new high risk branch... specifically for his and other high rollers & oligarch’s loans... and or money laundering.

And the boring attacks on the President, just dont stop, by wannabe 'news' media crap movers.

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