According to insiders, Deutsche Bank is looking for ways to cut ties with President Donald Trump after the US elections. Deutsche Bank has about $ 340 million (about EUR 300 million) in loans to The Trump Organization.
The Trump Organization is the holding company with Trump's business interests. There are still three real estate loans from Trump open with the organization. These must be paid off in the next four years.
In recent months, a group of executives responsible for Deutsche Bank's reputation have been looking for ways to get rid of those loans. One of their ideas was to sell the loans to other parties. That idea was abandoned because they couldn't figure out who would want to take over the loans and the problems that come with them.
The borrowed money was intended for Trump's Florida golf course and several hotels in Washington and Chicago cities. But Trump has taken out more loans with the bank. Since the 1990s, he is said to have borrowed more than $ 2 billion from Deutsche Bank
The Trump Organization is the holding company with Trump's business interests. There are still three real estate loans from Trump open with the organization. These must be paid off in the next four years.
In recent months, a group of executives responsible for Deutsche Bank's reputation have been looking for ways to get rid of those loans. One of their ideas was to sell the loans to other parties. That idea was abandoned because they couldn't figure out who would want to take over the loans and the problems that come with them.
The borrowed money was intended for Trump's Florida golf course and several hotels in Washington and Chicago cities. But Trump has taken out more loans with the bank. Since the 1990s, he is said to have borrowed more than $ 2 billion from Deutsche Bank
