Free Republic

New York Attorney General Letitia James’s office responded to testimony by a Deutsche Bank executive that could have torpedoed her civil fraud case against Trump. Radical Marxist New York Attorney General Letitia James is seeking $250 million in ‘damages’ when there is no victim in this fraud case and she is also seeking to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies. A Deutsche Bank executive who worked to approve at least one of Trump’s loans testified on Tuesday that it is “atypical,...

ADeutsche Bank wealth management group managing director testified Tuesday that the bank anticipates that the net worth of high-wealth clients like Donald Trump can be elevated on self-reported financial statements, but it wouldn’t necessarily stop the bank from issuing the loan – and didn’t for Trump’s loans. New York Attorney General Letitia James has alleged Trump and his company defrauded Deutsche Bank by submitting his inflated net worth statements to get better rate and in doing so also violated loan requirements called covenants. In 2013, the bank’s underwriters adjusted Trump’s net worth by about 50% from more than $4 billion...

Several other Republican attorneys general joined Paxton in bashing the Biden administration, largely over previous policy decisions they disagreed with. ... Texas Attorney General Ken Paxton .. attacked the Biden administration in a federal court brief as part of a case involving the seizure of records from former President Donald Trump’s home in Florida. Paxton, a Trump ally who has joined the former president in falsely claiming the 2020 election was marred by widespread voter fraud, filed a friend of the court brief in the 11th U.S. Circuit Court of Appeals. He argued the government under Joe Biden cannot be...

According to federal court documents filed by the U.S. Virgin Islands and shared by Inner City Press, Jeffrey Epstein’s estate has discovered a cache of photos and videos. The images could be used in an ongoing lawsuit against JP Morgan Chase and Deutsche Bank for allegedly enabling Jeffrey Epstein by providing him with the funds to support his illegal lifestyle. New York Federal Judge Jed S. Rakoff wrote in a recent ruling regarding the photos and videos, “If during the course of that review, the Estate sees a particular recording that appears to contain possible CSAM [Child Sexual Abuse Material],...

US House members including Republican Representative Marjorie Taylor Greene of Georgia today toured the prison in Washington DC where those arrested in connection with January 6th... In the Israeli controlled Golan Heights once part of Syria a protest today opposing plans to construct 2000 wind turbines... Intel founder Gordon Moore is dead at the age of 94... In Los Angeles an agreement between the school district and 30,000 service workers... In Syria jihadist attempts to break through... Breaking News Syria: More US casualties tonight from the latest Iranian backed militia attacks... A British reconnaissance plane accompanied by two Typhoon fighters...

Fed Rollercoaster! Deutsche Bank, my former employer, said that The Fed will slash rates by 200 basis points by mid-2024 after staying hawkish in the short term. Deutsche Bank increased its view on the terminal rate and now sees it hitting 5.1% in May. The Federal Reserve will remain hawkish in the short term but will cut benchmark rates sharply after that, according to a Monday note from Deutsche Bank. The central bank has hiked rates by 375 basis points so far this year, with another half-point increase widely expected next month. Even more tightening will come, with analysts at...

Credit Suisse and Deutsche Bank are reportedly on the verge of collapse. They have 2.7 trillion in assets under management between them. It’s three times the assets of Lehman at the time of the collapse. On 15 September 2008, Lehman Brothers, a bank considered ‘too big to fail,’ filed for insolvency. It was the single largest bankruptcy filing in the history of the US. At the time, the bank had $639 billion in assets and $619 billion in debt. Credit Suisse and Deutsche Bank are too big to fail. Some say Deutsche Bank will be okay, but Credit Suisse is...

......... In a 2019 profile, the New York Times reported that Broeksmit is the son of a Deutsche Bank executive who died by suicide in 2014. After his father's death, Broeksmit gained access to his father's email account and files related to the bank, the Times reported. Federal and state authorities were scrutinizing allegations of criminal misconduct and the bank's long relationship with former President Donald Trump, the New York Times reported. Former President Trump's longtime bank revealed in August 2019 that it has tax records Congress sought in an investigation into his finances. The U.S. House Intelligence Committee subpoenaed...

A reputed federal informant and whistleblower who went missing after reportedly turning over a trove of secret files about Deutsche Bank was found dead at a Los Angeles school earlier this week, a police official said Wednesday. The body of Valentin Broeksmit, 46, was found Monday at Woodrow Wilson High School shortly before 7 a.m., Sgt. Rudy Perez of the Los Angeles School Police Department said in email. Records with the Los Angeles County Medical Examiner-Coroner do not list a cause of death. Los Angeles Police Department Capt. Kenneth Cabrera told the Los Angeles Times that authorities do not suspect...

<p>A whistleblower who worked with federal authorities investigating ties between Donald Trump and the Deutsche Bank was found dead on Monday.</p><p>Val Broeksmit, 46, was found dead on the campus of the Woodrow Wilson High School on the 4500 block of Multnomah Street on Monday.</p>

Deutsche Bank has said it expects the US economy to fall into a recession in late 2023 as the Federal Reserve raises interest rates sharply, becoming the first major lender to make such a prediction. The bank's analysts, including chief US economist Matthew Luzzetti, said the Fed has historically triggered recessions when it hikes rates to deal with strong inflation. "A mild recession will be needed to take sufficient steam out of the economy and labor market to bring inflation back down," they wrote in a major report on the global economy, released Wednesday.

Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. But it does reflect mounting concerns about the economy, especially as the Federal Reserve moves aggressively to cool business activity in its efforts to fight inflation. And last week’s inversion of the 2s10s yield curve — a metric with a pretty good track record of predicting recessions — only emboldened those expecting economic growth to turn negative. We maintain our forecasts for the S&P 500 (5250) and the Stoxx 600 (550) for...

Deutsche Bank said on Friday that it would wind down its business in Russia. Deutsche had faced stinging criticism from some investors and politicians on Friday for its ongoing ties to Russia after saying that leaving would go against its values, as other banks cut off ties. "Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations," the bank said on Friday.

Deutsche Bank said the U.S. may be headed toward one of its worst periods of inflation in history amid increased government spending and relaxed monetary policy, warning that the belief inflation is transitory could have serious consequences for the economy. The report, which was released Monday, begins with a series of quotes—contrasting Ronald Reagan's warning about how serious inflation is with how Joe Biden, Janet Yellen and others have justified "acting big." "Despite the shift in priorities, central bankers must still prioritize inflation," the report says. "Indeed, history has shown that the social costs of significantly higher inflation and greatly...

Inflation is likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists, reported CNBC. Deutsche issued a dire warning, that is well outside the consensus from policymakers and Wall Street, that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term, then in 2023 and beyond. “The consequence of delay will be greater disruption of economic and financial activity than would otherwise be the case when the Fed does finally act,” Deutsche’s chief economist, David Folkerts-Landau, and others wrote. “In turn,...

New York prosecutors conducted an hours-long interview of Michael Cohen, President Donald Trump’s former personal attorney, about his old employer's finances. The interview with the 54-year-old, took place on Thursday, sources told Associated Press (AP). It focused in part on Trump’s relationship with Deutsche Bank, his biggest and longest standing creditor. The interview, at least the second of Cohen by the Manhattan district attorney’s office, comes amid a long-running grand jury investigation into Trump’s business dealings.

(Vanity question) What exactly is the truth about POTUS' finances? Deutsche Bank has fired Trump's account manager and is walking away from him. Politically motivated, obviously. As are the social media companies. There is a minor problem with that conclusion. It is this: if Donald Trump had remained completely politically inactive, and given Deutsche is in such massive trouble it still would've come a-knocking. POTUS has had about $300m of debt forgiven or written off since 2010, and still owes more than that to Deutsche Bank. Some very big financial gurus are now ing, in hindsight Trump was rolling back...

FRANKFURT, Jan 12 (Reuters) - Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ deadly Jan. 6 assault on the U.S. Capitol, the New York Times reported. Deutsche Bank is Trump’s most important lender, with about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons. The NYT cited a person familiar with the bank’s thinking. A spokesman for Deutsche Bank declined to comment on Tuesday. The Trump Organization did not immediately respond to an...

Deutsche Bank AG is to sever all ties with President Trump and the Trump organization according to a source with knowledge of the sudden business decision. But the bank will still be forced to deal with the Trump family and their employee for some time to come with outstanding loans of more than $300 million yet to be repaid. The decision by the German bank follows a glut of social media companies and other firms who are suspending links with the president following last week's rally to the Capitol which left five people dead in the mayhem and aftermath.

New York’s golden geese are flying south, and not just for the winter. The analytics firm Unacast reports that more than 3 million have fled the city during the pandemic — replaced by slightly fewer who earn a lot less, for a net reduction in income of some $34 billion. Its estimates, based on cellphone data, may be off a bit, but signs that higher earners have left town are everywhere. And top businesses are eyeing the exits, too. Deutsche Bank AG is the most recent in a long line of major companies looking to escape the tax-heavy, high-cost city...