Dark Towers’ exposes chaos and corruption at the bank that holds Trump’s secrets.
Deutsche Bank was willing to work with Donald Trump when others would not. In his book, David Enrich details Deutsche Bank’s quest to become the world’s largest bank — and how its corporate culture led to countless.

Dave Davies reports: In the 1990s, long before he became president, Donald Trump was known as a cash-strapped New York City businessman with shaky credit.

“His record of defaulting on loans and stiffing his business partners was very long and very well-documented,” New York Times finance editor David Enrich says. “Any mainstream financial institution that had competent risk management systems in place — there is no way they were going to do business with Donald Trump.”

Enter Deutsche Bank, which Enrich says was a “second-tier player” in the banking world in the 1990s. Seeking to make a name for itself, the bank was willing to work with Trump when others would not.

“The bank was so hungry for profits, for short-term profits, and so hungry to make a name for itself in the United States that it was really eager to just disregard any red flags that presented themselves with clients,” Enrich says. “Trump would default on a bond offering. He would default on a loan. He would sue the bank. And yet, time after time, Deutsche Bank executives kept going back to him for more business.”

On Deutsche Bank’s concerns about Trump holding political office…
On Deutsche Bank’s ties to the Nazi regime…
On Deutsche Bank’s transformation in the 1990s…
On Deutsche Bank violating American sanctions…
On Deutsche Bank laundering money for Russian customers…
On the chaos at the Deutsche Bank office in Jacksonville, Fla., which analyzes suspicious transactions…
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