Deutsche in Panama casino battle over debt
Wednesday, June 3, 2015
Deutsche Bank is locked in a foreclosure battle with a Panama casino, which fired back saying a bank executive once pleaded with the resort’s president for a personal loan to cover gambling debts.
Veneto Hotel & Casino sued a unit of the Frankfurt-based lender, accusing it of crippling the 300-room Panama City complex by freezing accounts and funds used to cover operating expenses.
Source: Bloomberg