Summary of Tower of Basel

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Rating

7 Overall

7 Importance

8 Innovation

7 Style


Recommendation

Ethically challenged financiers, greedy American politicians and plundered Nazi gold highlight this fascinating history of the Bank for International Settlements (BIS) – the Swiss-based central bank for the world’s central banks. Journalist and novelist Adam LeBor’s well-documented narrative reads like one of his fictional thrillers – replete with international intrigue, amoral collusion, and backroom wheeling and dealing. LeBor dips into his experience as a foreign correspondent to report on a powerful, obscure global institution and the Machiavellian maneuvers behind it. Particularly fascinating is the BIS’s role during World War II and its involvement with Nazi Germany. getAbstract recommends this gimlet-eyed look at an opaque and far-reaching financial power center to economic history buffs.

In this summary, you will learn

  • Why the Bank for International Settlements (BIS) came into being,
  • What role it played up to and during World War II, and
  • What the BIS does today.
 

About the Author

Author Adam LeBor has published two novels and seven works of nonfiction, including the acclaimed book Hitler’s Secret Bankers.

 

Summary

The Secret Bank of Banks
The Bank for International Settlements (BIS) in Basel, Switzerland, is arguably the world’s most powerful and secretive financial institution. This sovereign state within a state, governed by a small circle of elite member bankers, operates with an amoral belief...

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