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The Wall Street Journal: Citigroup says loan to Kushner Cos. was ‘completely appropriate’

Citigroup Inc. said in a letter sent Tuesday to lawmakers that a loan made to Kushner Cos. shortly after the bank’s chief executive met with Jared Kushner last year was “completely appropriate.”

Kushner Cos. also disclosed Wednesday that it had recently received a separate $200 million loan from the bank. The bank has faced questions about its dealings with Kushner Cos. following a White House meeting between its chief executive and Kushner.

On March 3, 2017, Citi Chief Executive Michael Corbat met with Kushner, President Donald Trump’s son-in-law and a senior adviser to the president. On March 31 of that year, Kushner Cos.

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