Reuters exclusively reports Deutsche Bank gaming ways to sever ties with Trump

Business & FinancePolitical & General

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.

Article Tags

Topics of Interest: Business & FinancePolitical & General

Type: Reuters Best

Sectors: Equities

Regions: EuropeNorth America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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