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Deutsche Bank Sought 'Whale' Client in Trump, Benefited from Relationship

Bank's revenue from Trump business increased from $13,000 in 2011 to projected $6 million in 2013, according to trial documents.

Overview

  • Deutsche Bank viewed former President Donald Trump as a 'whale' of a client and sought to do additional business with him, according to former Deutsche Bank executive Rosemary Vrablic's testimony in the ongoing civil fraud trial.
  • The bank's revenue from its business with Trump increased from approximately $13,000 in 2011 to a projected $6 million in 2013.
  • Trump's defense team has sought to show that the bank actually sought additional business from Trump, which Vrablic testified to.
  • Trump's relationship with Deutsche Bank is a core component of New York Attorney General Letitia James’ lawsuit against the former president, his business and several executives.
  • Judge Arthur Engoron has already found Trump and his business liable for fraud. The trial is addressing other claims, including conspiracy, insurance fraud and falsifying business records.

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