Deutsche Bank Actively Sought Trump as High-Net-Worth 'Whale' – Bloomberg Law

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Erik Larson and Patricia Hurtado
<-rte-company state="{"_id":"0000018c-1d39-d922-abee-5dbba7e00000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Deutsche Bank AG eagerly sought out Donald Trump as a high-net-worth client, referred to internally as a “whale,” due to his successful real estate deals, the banker who arranged hundreds of <-bsp-bb-link state="{"bbDocId":"S42GIYT1UM0W","_id":"0000018c-1d39-d922-abee-5dbba7e00002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">millions of dollars in loans to him said during the former president’s civil fraud trial.
<-bsp-person state="{"_id":"0000018c-1d39-d922-abee-5dbba7e50001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Rosemary Vrablic, who worked with wealthy individuals at Deutsche Bank from 2006 to 2020, testified Wednesday about her efforts to land Trump as a client in 2011, when the <-bsp-bb-link state="{"bbHref":"bbg://securities/3603126Z%20US%20Equity","_id":"0000018c-1d39-d922-abee-5dbba7e50004","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Trump Organization needed financing to buy a Florida golf course. Vrabic said she was first introduced to Trump’s daughter, <-bsp-person state="{"_id":"0000018c-1d39-d922-abee-5dbba7e50006","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Ivanka Trump, who was …
AI-powered legal analytics, workflow tools and premium legal & business news.
Log in to keep reading or access research tools.

source