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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