Ex-Deutsche Bank Risk Manager Says He Relied on Trump Claims (1)

A former Deutsche Bank AGrisk manager testified at Donald Trump’s civil fraud trial that he made decisions on hundreds of millions of dollars in loans to the real estate mogul for years based in part on financial statements that a judge has already ruled were wildly inflated.

James “Nicholas” Haigh, who had the final say on loans to some of the bank’s wealthiest US clients, including the former president, is the first witness affiliated with the German lender to testify at the trial over claims in a lawsuit brought by the state of New York. Haigh has ...