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2 mentions found


☆ The Trump 'haircut': yes, Deutsche Bank really used this term in reducing what Trump said he was worth
  + stars: | 2023-10-11 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +7 min
On Wednesday, state officials called former Deutsche Bank banker Nicholas Haigh to the stand. He described the so-called Trump "haircut": routinely applied reductions to Trump's stated worth. AdvertisementAdvertisementThey called it the Trump "haircut." An excerpt from Deutsche Bank's internal records, showing the difference in what Trump's self-reported net-worth and his "haircut" worth. The attorney general countered that in lending to Trump, Deutsche Bank relied on both Trump's adjusted, worst-case, "haircut" worth and his self-reported worth.
Persons: Nicholas Haigh, —, Deutsche Bank – Donald Trump's, –, Kevin Wallace, Haigh, Trump, Bauer, Griffin, Eric Trump's, James, – Trump, Allen Weisselberg Organizations: Trump Org, Deutsche Bank, Service, Trump's, Deutsche, DB, New York Attorney, Trump, . Deutsche Bank, Trump National Doral, Trump International Hotel, Tower, Post, Trump Organization, AaronP, NY, Deutche Bank Locations: NY, York, Trump National Doral Miami, Chicago, Washington ,, Springs, New York
☆ Mick Mulvaney, now a never-Trumper, still thinks NY AG Letitia James' civil fraud lawsuit is all wrong
  + stars: | 2022-09-23 | by ( Warren Rojas | Laura Italiano | ) www.businessinsider.com   time to read: +2 min
Mick Mulvaney, Donald Trump's former budget director, blasted NY AG Letitia James' Trump case. Now a never-Trumper, Mulvaney asks of James' lawsuit, 'Who's the victim here?' In August, Mulvaney called Trump the only Republican who could lose to a Democrat in the 2024 election. "They didn't lose money," Trump said. James' lawsuit alleges that Trump enriched himself by an undeserved $250 million by lying over the past decade to Deutche Bank and other lenders on financial documents.
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