When Deutsche Bank loaned Donald Trump's company hundreds of millions lawyers of dollars, the bank always followed its own guidelines that include checking out information that would-be borrowers provide, an executive testified Tuesday at the former president's civil fraud trial. The loans — for projects in Florida, Chicago and Washington, D.C. — are a focus of New York Attorney General Letitia James' lawsuit contending that Trump and his company deceived lenders and insurers by giving them financial statements that baldly overstated his asset values and overall net worth. Deutsche Bank reviewed the financial statements before making the loans through its department that works with rich individuals — a pathway that allowed for more favorable interest rates than likely available from the commercial real estate division, according to the lawsuit.
Banker involved in big loans to Trump s company testifies for his defense in civil fraud trial
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Banker involved in big loans to Trump s company testifies for his defense in civil fraud trial
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Banker involved in big loans to Trump s company testifies for his defense in civil fraud trial
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Banker involved in big loans to Trump s company testifies for his defense in civil fraud trial
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