Posted on 11/03/2020 3:28:23 AM PST by Oldeconomybuyer
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, according to three senior bank officials with direct knowledge of the matter.
Deutsche Bank has about $340 million 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.
One idea that has come up in the meetings: sell the loans in the secondary market, two of the bank officials said. But one of the officials said that idea has not gained traction, in part because it is not clear who would want to buy the loans and the attendant problems that come with it.
While it was known that Deutsche Bank has been closely examining its relationship with Trump, including by setting up a working group in 2016 to review the bank’s relationship with him, its recent eagerness to end all ties and the contours of discussions in light of the election have not been previously reported.
Deutsche Bank declined to comment.
(Excerpt) Read more at reuters.com ...
Another typical leftwing bullsheit diatribe from Reuters. It is ridiculous that a bank would rush to dump such a great wealthy customer. Ridiculous
When you owe the bank $340, you’re in trouble.
When you owe the bank $340 million, the bank is in trouble.
But honestly, if you have borrowed $2 billion and paid back $1.66 billion on time and the bank has every expectation of getting the rest with interest, the only problem is that the bank execs are leftist putrid scum.
More election interference from the EU.
Note to the UK: Brexit faster.
The Bank could forgive the loans.
Wasn’t Deutsche Bank Osama bin Laden’s bank?
Who wants their private business dealings with the bank discussed in public through anonymous employees?
That’s my reaction also.
This is Reuters trolling for a damaging story on Orange Man Bad.
Deutsche Bank has been losing money for years. $5.3 BILLION last year alone. The last thing they are concerned with is “negative” association with the President...
I’ve lost count of all the suicides among the Deutsche Bank executives and managers in the last two or three years,
The fruits of liberal harassment, if true. Note the anonymous sources.
Actually, I’m not surprised.
I’ve learned that the people in Europe listen to our mainstream media and believe what they hear. Their outlooks are on our politics are shaped by CNN and MSNBC.
What kind of relationship does Deutsche Bank have with George Soros?
Bankers like to go for rides but fear driving themselves
Cares
?
Banks just hate performing loans in their portfolio. Much better to have losers and get bailed out by the government.
What do you call a bank that you owe half of what the collateral is worth?
Answer: Master
What do you call a bank that you owe twice what the collateral is worth:
Answer: PARTNER
Oh. Thanks. ( the rulers of some European countries are themselves far left wingers. All this communism/ nazism began there of course.
I don’t know. Sorry. Soros did make a big bet against D bank in the securities markets. Not sure if that influenced the bank or what.
Real estate businesses use loans (leverage). 90% or mor debt to equity isn’t unusual.
The Trump leverage is (if I remember correctly) unusually low, less than 50%.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.