A Deutsche Bank executive testified on Nov. 28 that it isn’t unusual for a bank to cut a client’s stated asset value—even by half—and still approve a loan, just like it did with Donald Trump, potentially strengthening the former president’s defense in the civil fraud trial in a lawsuit brought by New York Attorney General Letitia James.
Deutsche Bank is the lender that provided hundreds of millions of dollars in loans to President Trump for properties in Miami, Chicago, and Washington.
