Deutsche Bank: On the Brink of Disaster
Part of every financial scandal, bubble, and crash is the presence of misaligned incentive structures. The precarious position of the banking system has many investors and firms scrambling for safety – even some of the largest financial institutions in the world like Deutsche Bank. David Enrich, business investigation editor for the New York Times, joins Real Vision’s Ed Harrison to discuss his new book, “Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.” He traces the growth and evolution of the German bank from its founding to today. Enrich outlines the system of misaligned incentives bank executives created, examines Deutsche’s relationship with President Donald Trump, and details the unreasonable risks the bank has taken on since the 2008 financial crisis. Filmed on March 4, 2020 in New York.