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Deutsche Bank – a spotlight on the Trump connection

 

 

Deutsche Bank, Trump’s lender of last resort, his bolt hole when no other financial outfit would touch him with a bargepole after multiple bankruptcies, has a hair-raising record of malfeasance. They have been fined $17 billion in the last decade on an array of criminal and civil charges in the US and UK for money laundering, with Russia a key component and rate-fixing amongst other sins. They are being investigated for the $1 billion Malaysian Development fund scandal, have been named in Australian criminal cartel charges, did business with Jeffrey Epstein up to 2019 etc etc etc. The bank’s shares lost more than half their value in 2018 and have continued to underperform the broader industry this year.

By this June the Supreme Court will rule on whether subpoenas issued by congressional committees to Deutsche Bank for Trump’s financial records can be enforced along with other cases concerning Trump’s tax returns.

A new book by the financial editor of the New York Times David Enrich In Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, delivers what has been described as a ‘master class in financial sleuthing’, tracing the history of the bank up to present day including the Trump connection.

Deutsche Bank was founded on 10 March 1870 in Germany which gives a slippery Sun Mars in Pisces square Saturn in Sagittarius; with a super-confident, rules-don’t-apply-to-us Jupiter Pluto in Taurus on the focal point of a mini-Grand Trine of Sun Mars to Uranus.

Their downhill slide will continue and accelerate this year from late March onwards till late 2021 with tr Neptune conjunct the Sun and Mars bringing a panicky sense of failure.

Trump’s relationship chart with them looks edgy at the moment, undermined late March onwards, jolted in April with tr Uranus conjunct the composite Sun and into disaster territory by June onwards. It’s too much to hope the Supreme Court might do the decent thing but you never know – the impossible might happen. His upset with them continues into 2021.

Ivanka, Don Jnr and Ivanka were also mentioned in paperwork as well as Steven Bannon’s throwaway remarks about Jared Kushner’s connection.

Ivanka’s relationship chart with the bank looks uncertain and panicked this month; very up and down all year; with a tussle for the upper hand so she won’t give in easy.

Don Jnr and Eric look agitated vis a vis the bank through 2020/2021 with worse in the two years to follow.

Jared will be tossed this way and that from March onwards and will be feeling the pain on into 2021 as well.

https://www.theguardian.com/business/2020/feb/16/dark-towers-review-deutsche-bank-donald-trump

https://www.npr.org/2020/02/18/806984703/dark-towers-is-a-cautionary-tale-of-pursuing-profits-at-any-cost?t=1582109498847

https://en.wikipedia.org/wiki/Deutsche_Bank

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6 thoughts on “Deutsche Bank – a spotlight on the Trump connection

  1. Thank you Marjorie. Fascinating and disturbing. Their chart seems both lucky and slippery. Bit like someone who borrowed money from them? Still, threads are being pulled and may unravel, if not in the US then elsewhere in the world.

  2. According to Wikipaedia the Deutsche Bank fired their Jewish employees in 1933 as soon as Hitler came to power. That was very quick so it must have been planned. Despite everything they did then (including funding Auschwitz) the allies seem to have allowed them to keep going after WW2. Presumably they were needed for the Marshall Plan to work.

  3. Banks fall. Very few of the current commercial banks can boast a 150 year history. Deutsche Bank has survived two lost World Wars and a Hyperinflation, and that’s pretty remarkable. The ones that have survived have all pretty nefarous past. I have very good friends who’ve worked for Monte dei Paschi of Siena, the oldest commercial bank still working. They almost went down due to their unique oversight system relying on local political power not really understanding what their London Desk was up to in the early years of the millenia. A manager my friends have met and knew distantly committed a suicide by jumping off the office window and caused an array of consipiracy theories. But decades before, they lended their then headquarter – still a beautiful palace owned by them in Siena – to SS. They were literally torturing people in those premises. I always felt chills passing by.

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