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