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January 17, 2022

U.S. Voters

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Trump’s Own Bank Throws Him Under The Bus

2 min read

Deutsche Bank is finally throwing Trump into the street?! John Iadarola and Ana Kasparian break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

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Read more here: https://www.reuters.com/article/us-usa-election-deutsche-bank-exclusive/exclusive-tired-of-trump-deutsche-bank-wants-out-but-sees-no-good-options-sources-idUKKBN27J0G4

"Deutsche Bank AG DBKGn.DE is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter.

Deutsche Bank has about $340 million (262 million pounds) in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, according to filings made by Trump to the U.S. Office of Government Ethics in July and a senior source within the bank. The three loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president, according to two bank officials.

In meetings in recent months, a Deutsche Bank management committee that oversees reputational and other risks for the lender in the Americas region has discussed ways in which it could rid the bank of these last vestiges of the relationship, two of the three bank officials said. The bank has over the years lent Trump more than $2 billion, one of the officials said."

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