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The Independent UK
The Independent UK
National
Jennifer Peltz

Deutsche Bank was keen to land a 'whale' of a client in Trump, documents at his fraud trial show

Copyright 2023 The Associated Press. All rights reserved.

Deutsche Bank viewed Donald Trump as a “whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial.

The bank's dealings with Trump are a key issue in New York Attorney General Letitia James’ lawsuit, which accuses Trump, his company and some executives of hoodwinking lenders and insurers by presenting them with grossly inflated statements of his asset values.

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