A now-retired Deutsche Bank executive, Nicholas Haigh, testified earlier in the trial that he assumed the figures “were broadly accurate,” though the bank subjected them to ”sanity checks” and sometimes made sizable “haircuts.”
Trump acted as the guarantor for the loans and was quick to act when the bank raised concerns that the properties weren’t generating enough cash to make payments, Williams said. At one point, Trump moved $8.6 million into the Washington hotel’s coffers after its cash flow fell short of a requirement. No payments were missed, and the loans were never found to be in default, Williams said.
After Williams finished testifying, Trump’s lawyers sought — as they repeatedly had before — to have the case thrown out. They argued the bank executive had neutralized any allegations that the defendants deceived the lender about Trump’s wealth.
Banker involved in big loans to Trump's company testifies for his defense in civil fraud trial
A Deutsche Bank executive says the bank followed its own guidelines when deciding to lend Donald Trump’s company hundreds of millions of dollars.
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