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David Enrich Books

2 books·~20 min total read

David Enrich is an American journalist and author, currently serving as the finance editor at The New York Times. He is known for his investigative reporting on the banking industry and corporate misconduct, and has written several acclaimed books on financial scandals.

Known for: Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

Key Insights from David Enrich

1

Deutsche Bank’s Transformation into a Global Powerhouse

Deutsche Bank began as a symbol of Germany’s disciplined trading and industrial integrity. For decades, its identity was deeply tied to the nation’s postwar economic recovery and order. But by the late 1980s and early 1990s, globalization was reshaping finance, and restraint started to look like wea...

From Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

2

The Culture of Risk and the Erosion of Ethics

The internal transformation brought with it a moral unraveling. Deutsche Bank had once prided itself on meticulous procedures and compliance. However, as profits soared and competition intensified, those values fell away. Bonuses became a form of validation, and dissent was viewed as obstruction. Mi...

From Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

3

Tom Hayes and the Birth of the Game

Tom Hayes was, by all conventional measures, an unlikely criminal mastermind. He was a mathematician at heart—awkward in conversation, intensely logical, and obsessed with patterns. When he entered the world of high finance, first at UBS and later at Citigroup and other institutions, he found himsel...

From The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

4

The Web Tightens: Manipulating the Benchmark

The LIBOR rate, on the surface, was a mundane calculation: each morning, a panel of banks submitted estimates of their borrowing costs; the highest and lowest were discarded, and the rest averaged. But in practice, this process wasn’t neutral—it relied on honesty within institutions built to maximiz...

From The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

About David Enrich

David Enrich is an American journalist and author, currently serving as the finance editor at The New York Times. He is known for his investigative reporting on the banking industry and corporate misconduct, and has written several acclaimed books on financial scandals.

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David Enrich is an American journalist and author, currently serving as the finance editor at The New York Times. He is known for his investigative reporting on the banking industry and corporate misconduct, and has written several acclaimed books on financial scandals.

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