DeutscheBank
Former President Donald Trump‘s Washington, D.C., hotel incurred over $70 million in losses during his time in the Oval Office, despite the business mogul’s claims that the property was making tens of millions of dollars, according to the House Oversight Committee. Documents obtained by the Committee show that the hotel received millions from foreign governments, which the former president failed to disclose. The Deutsche Bank, for example, offered Trump a $170 million construction loan, signaling that the former president received “undisclosed preferential treatment.” According to the committ...
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The Trump Organization is suing the city of New York for ending its contract for a golf course at Ferry Point Park. The contract was terminated in January shortly after the Capitol insurrection on January 6. The lawsuit states that the city and Mayor Bill de Blasio “denounced President (Donald) Trump in the most inflammatory terms” and “incited others to terminate business with Trump-related entities the day after the riot.” A spokesman for the city law department said: “The actions of Mr. Trump to incite a deadly riot at the Capitol on January 6th caused a breach of the Ferry Point contract b...
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New York prosecutors are investigating Barry and Jack Weisselberg, sons of Trump Organization Inc.’s chief financial officer Allen Weisselberg. Manhattan District Attorney Cyrus Vance’s office is currently looking into Barry’s role in managing two New York ice rinks and a Central Park carousel. They are also examining Jack’s commercial real estate dealings. Though Vance’s office is investigating the sons’ transactions, prosecutors are largely interested in their father’s dealings. Prosecutors are hoping to incentivize the CFO to cooperate in their investigation by examining his sons’ business ...
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Rosemary Vrablic, former President Donald Trump’s personal contact at Deutsche Bank, was ousted from her position as managing director of wealth management business in New York after an internal investigation found that she “engaged in undisclosed activities related to a real estate investment.” Vrablic was “permitted to resign” after the investigation’s findings. Deutsche Bank’s investigation concerned a 2013 deal between Vrablic and Bergal 715 Associates. According to a governmental financial disclosure report, Jared Kushner had some holdings in Bergal 715. Deutsche Bank specified that Vrabl...
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Two banks known for lending large sums to President Donald Trump, Deutsche Bank AG and Signature Bank, are cutting ties with the president and his family as a result of the violent pro-Trump mob that stormed the Capitol on Jan. 6. Deutsche Bank has decided not to conduct any additional business with Trump or the Trump Organization. The bank has had a long relationship with Trump, serving as one of his first major lenders back when Trump was still considered a risky customer. However, in recent months Trump’s relations with Deutsche, to whom he owes more than $300 million, appear to have deteri...
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President Donald Trump and his son-in-law Jared Kushner‘s private bankers have Deutsche Bank have resigned. “Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank,” Daniel Hunter, a spokesman for the bank said in a statement. The pair have worked closely for years, and Vrablic has long been credited with establishing Trump’s longstanding relationship with the bank, and had assumed being the Trump’s point of contact in the private side of lending. The bank has loaned the Trump Organization over $300 million...
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