Deutsche Bank is aiming to end any financial relationship President TrumpDonald John Trumpgood has allowed the Trump police panel to publish the report, but with Lady Gaga’s rejection at the Biden rally: Trump ‘believes his fame gives him the right to usurp women’ Pelosi says Is that the President is ready to decide the election if the election results are disputed As a result of the bank’s relationship due to negative attention after the United States elections, Reuters reported on Tuesday.
Three senior bank officials with direct knowledge of the situation told Reuters that while the German multinational investment bank has been reevaluating its financial relationship with Trump for years, recent congressional and other investigations that have pulled the bank into Trump’s affairs And new Russia connections have been renewed, urging concerns with bank officials.
A senior executive reportedly told Reuters that the new focus is seen as “serious collateral damage” from the relationship, making it an unwanted distraction for the bank, according to three officials.
In July, according to a senior source within the US Office of Government Ethics and the Bank, the Trump Organization will pay $ 340 million in loans from Deutsche Bank in July.
Two bank officials told Reuters that three loans against Trump’s assets were current on payments and personally guaranteed by the president.
Since the late 1990s, Trump has lent more than $ 2 billion by a German bank, according to one of the officials who spoke to Reuters.
Reuters reported that a Deutsche Bank management committee that oversees risks for the lender in the US is considering an option for Trump to terminate the remaining financial relationships, including selling loans on the secondary market.
The White House declined to comment on the matter when contacted by The Hill. The Trump Organization did not immediately respond to a request for comment.
Sen Elizabeth WarrenElizabeth Warrentens turns to Tydtock and promotes Biden Judd Gregg: The Senate’s Destruction A Wave Election? Or a fundamental realization of American politics? more (D-Mass.), Who serves on the Senate Banking Committee, has previously called for Deutsche Bank’s investigation on his money laundering control and ties with the Trump family.
Warren told Reuters that she plans to push for an investigation into the next presidential administration.
He said, “I am sure I will continue to fight for accountability and strong enforcement of our banking laws, especially for large institutions like Deutsche Bank.”
Three bank officials who spoke to Reuters said that if Trump lost his race for the election and the Democrats took control of both the White House and Congress, bank officials worried that they would be in excess surrounding Trump’s financial history May be tied up in an investigation.