Deutsche Bank found Trump inflated his assets by up to 70 percent, was not the billionaire he claimed to be

Deutsche Bank in Frankfurt
(Image credit: Thomas Lohnes/Getty Images)

The two-decade-long relationship between Deutsche Bank and Donald Trump has been rocky and clearly beneficial only to Trump, The New York Times detailed Monday night. One branch of the giant German bank after another stopped doing business with Trump, after loan defaults, creative litigation, and other red flags and hiccups.

After Deutsche Bank's commercial real estate unit severed ties with Trump in 2004, he sought a large loan from the investment-banking division, the Times reports:

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.