Trump received more than $2 billion in loans from Deutsche Bank despite being 'deemed untouchable' by other institutions: NYT
Deutsche Bank reportedly loaned more than $2bn to Donald Trump over two decades despite multiple “red flags”.
The report comes as congressional committees and New York’s attorney general investigate Mr Trump’s links to Deutsche Bank. According to the report, Mr Trump wooed Deutsche Bank investors on his private jet and promised them trips to his Mar-a-Lago resort in Florida in a bid to secure deals. In 2010, Mr Trump again reportedly exaggerated his wealth as he sought a loan to fund his purchase of a $100m golf resort. The bank determined he had overvalued some of his assets by up to 70 per cent, but nonetheless signed off the loan.
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