Deutsche Bank is acting wrong on an agreed loan commitment to Fontainebleau.   Fontainebleau is under construction and the aid for the project was agreed upon as a loan by Deutsche Bank; however, the Deutsche Bank is at present declining the loan stating several reasons.  The reason behind the bizarre behavior of Deutsche Bank is attributed to the bank trying to save its own competing property from losing business to Fontainebleau.

The intention of the Deutsche Bank is to prevent Fontainebleau from evolving to be a potent competitor, per the owners at Fontainebleau.  A filing was made at Clark County in this regard in the Nevada District Court stating the details of the breech of the contract there in between the lender and the recipient casino business.

Notably, the Deutsche Bank seized the project after the developer failed to pay a due of $760 billion; however, they got the project for a $1 billion in the foreclosure auction, which was up and running around September.

However, the Deutsche Bank has a different story from its side.  They stated that the developer is trying to misrepresent their default behavior, and that they are trying to hide their disqualification due to default which excludes them from being eligible for further loan releases from the bank.

The $80 million loan release is being disputed at the county courts, and it is keeping spectators wondering, if it is just another story where banks who are lenders become owners of massive developed businesses due to defaults!