A former Deutsche Bank risk management officer said that while his bank did not do 'full appraisals' of former President Donald Trump's properties when issuing loans totaling more than $200 million in 2011 and 2012, it did give the numbers a 'sanity check.
A former Deutsche Bank risk management officer said that while his bank did not do “full appraisals” of former President Donald Trump’s properties when issuing loans totaling more than $200 million in 2011 and 2012, it did give the numbers a “sanity check.”
Haigh testified that the banks gave significant” haircuts” to the appraisal numbers submitted by Trump and his organization on his Trump Tower skyscraper in New York city and his various golf courses.In earlier testimony Tuesday, Trump finance chief Allen Weisselberg said the information in the financial statements was “not always accurate.”
According to the report, Haigh said during his testimony that the bank would not issue such loans unless there was a “strong financial guarantee” from Trump who acted as guarantor for the loans.
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