trump/kushner's personal banker under investigation from deutsche bank

[butters]

Deutsche Bank has opened an internal investigation into the longtime personal banker of President Trump and his son-in-law, Jared Kushner, over a 2013 real estate transaction between the banker and a company part-owned by Mr. Kushner.

In June 2013, the banker, Rosemary Vrablic, and two of her Deutsche Bank colleagues purchased a Park Avenue apartment for about $1.5 million from a company called Bergel 715 Associates, according to New York property records.

Mr. Kushner, a senior adviser to the president, disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715. A person familiar with Mr. Kushner’s finances, who wasn’t authorized to speak publicly, said he held an ownership stake in the entity at the time of the transaction with Ms. Vrablic.

When Ms. Vrablic and her colleagues bought the apartment on Manhattan’s Upper East Side, Mr. Trump and Mr. Kushner were her clients at Deutsche Bank. They had received roughly $190 million in loans from the bank and would seek hundreds of millions of dollars more.

https://www.nytimes.com/2020/08/02/...te=1&user_id=33e9b2b47b7f7761a48a8053d434359c

apparently, it's not the done thing for bankers to have personal dealings with their clients...

greasing the paws for future millions applied for.
allllllllllll the best people, folks!

 

[butters]

The Kushner family has been a client of Ms. Vrablic’s since before she joined Deutsche Bank. In 2011, Mr. Kushner brought Ms. Vrablic to meet his father-in-law. At the time, most mainstream banks refused to do business with Mr. Trump because of his history of defaults and bankruptcies.

“I introduced him to this woman Rosemary,” Mr. Kushner said in closed-door testimony to the House Intelligence Committee in 2017. “She is one of the biggest private wealth bankers, probably in the world. Amazing banker, amazing woman. Very smart banker. And she banked my family for a long time.”

Ms. Vrablic and her superiors soon agreed to take Mr. Trump on as a client, even though he had defaulted on a loan from the bank three years earlier. In 2012, Deutsche Bank lent Mr. Trump a total of about $175 million for his newly acquired Doral golf resort outside Miami and for his Trump International Hotel & Tower in Chicago.

how many banks will lend someone money, a lot of money, who'd recently defaulted on a loan from them already

 

[Adre]

Deutsche Bank is the world’s dirtiest financial institution. Amazing they can stay in business, not so surprising it’s the only bank that will do business with the Trump family.