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Deutsche Bank May Have Just Destroyed Letitia James' Civil Fraud Case against Trump"David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it's 'atypical, but not entirely unusual' for the bank to cut a client's stated asset value by 50% and approve a loan anyway, as it did with Trump." -Bloomberg reported.
A Deutsche Bank executive who worked to approve at least one of Trump's loans testified on Tuesday that it is "atypical, but not entirely unusual" to reduce a client's asset values and still approve a loan. This type of lending is typical in high net-worth, high-profile clients like Donald Trump. Anyone with basic knowledge of banking, lending, portfolio and credit risk management knows this… Subscribe for free to Breaking Christian News here Continue reading Here.
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