Trump Denied Credit Increase by Bank for Buffalo Bills Purchase: Former Executive
TL;DR Summary
A former Deutsche Bank executive testified that the bank refused to extend a line of credit to Donald Trump for his bid to buy the Buffalo Bills, citing concerns about their "credit exposure." However, the bank did provide a "confidence letter" certifying Trump's financial capability to make the purchase, contingent on a Trump Organization controller ensuring compliance with outstanding loans. The New York Attorney General's Office previously accused Trump of inflating his assets to secure favorable financing in various deals, including the failed Bills bid.
Reading Insights
Total Reads
0
Unique Readers
18
Time Saved
0 min
vs 1 min read
Condensed
49%
168 → 85 words
Want the full story? Read the original article
Read on The Daily Beast