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4 results for "tag:Deutsche-Bank"

Post from Truth Social

“Another Deutsche Bank managing director at the time, Rosemary Vrablic, testified that the bank’s revenues from its relationship with Trump went up and up in the early 2010s. ‘Her division’s revenue from Trump business shot up from about $13,000 in 2011 to a projected $6 million in 2013, according to a bank document,’ the Associated Press reported. Deutsche Bank executives, per the Associated Press, referred to Trump as a ‘whale’ of a client, one they enthusiastically pursued. In 2014, also according to the Associated Press, Vrablic’s ‘direct boss went to lunch with Trump to thank him and ‘ask whether we can work on other opportunities with them,’ according to a document for that meeting.’ In short: Deutsche Bank did its own research for the loans. It made the loans. Trump paid the loans. Deutsche Bank made a big profit. Bank officials were happy and wanted to do more business with Trump.” https://www.washingtonexaminer.com/opinion/trump-mounts-strong-defense-in-trial-already-lost

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CBS News: “My direct boss, Michele Fassiola…would like to call you and your Dad to thank you for being such great clients and for all the business we have been doing together,” Vrablic wrote to Ivanka Trump in one 2014 email. “Your family is in the Top 10 revenue generating names of Asset and Wealth Management now and he is thrilled with how it’s grown.”

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Bloomberg: Under questioning by Suarez, Williams said the bank always reviews a prospective client’s stated net worth and adjusts it as needed. “As part of our due diligence, we subject a client’s asset value to adjustments,” Williams said. “It’s part of our underwriting process we apply it to every client regardless of what’s reported.” “Is a difference of opinion in asset values between the client and the bank a disqualifying factor to extend credit?” Suarez asked Williams. “No,” he replied. “Why not?” “It’s just a difference of opinion,” Williams testified.

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Post from Truth Social

https://www.zerohedge.com/political/did-deutsche-bank-just-destroy-new-york-ags-case-against-trump

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