Reuters reported exclusively that Deutsche Bank AG 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. Deutsche Bank has about $340 million in loans outstanding to the Trump Organization. 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. 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, Reuters sources said.
Business & FinancePolitics
Reuters exclusively reports Deutsche Bank gaming ways to sever ties with Trump
03 November 2020, 4:03 pm 1 minute
Article Tags
Topics of Interest: Business & FinancePolitics
Type: Reuters Best
Sectors: Equities
Regions: EuropeNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story