Trump dropped by biggest lender Deutsche Bank for future business: NYT | Reuters
Category: News & Politics
Via: sister-mary-agnes-ample-bottom • 3 years ago • 12 commentsBy: Louise Heavens and Pravin Char (U. S.)
Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters' assault on the U.S. Capitol, the New York Times reported.
S E E D E D C O N T E N T
By Reuters Staff
FRANKFURT (Reuters) - Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters' assault on the U.S. Capitol, the New York Times reported.
Deutsche Bank is Trump's biggest lender, with 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 Trump's disclosures with the U.S. Office of Government Ethics dated July 31 last year, plus banking sources.
The move, reported by the NYT and citing a person familiar with the bank's thinking, comes as Signature Bank - where Trump's ethics disclosures show he has checking and money-market accounts - called for him to step down.
"The resignation of the president ... is in the best interests of our nation and the American people," Signature Bank said on its website.
A spokesman for Deutsche Bank declined to comment on Tuesday on the NYT report.
The Trump Organization did not immediately respond to an email seeking comment outside normal business hours, and the White House press office did not answer the phone.
Christiana Riley, the head of Deutsche Bank's U.S. operations, condemned the Jan. 6 violence in Washington in a post on LinkedIn last week.
"We are proud of our Constitution …
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I don't blame them for dumping Trump's silly behind. He's been jerking them around for years.
It's hard to feel sorry for them, considering they've been caught laundering Russian money. A criminal bank dropped a criminal client.
I'll bet Trump pitched a fit on hearing this, though. I doubt any other bank will be stupid enough or criminal enough to float him a loan.
Deutsche Bank holds $340 million in loans on two hotels and a Florida golf course. They may end up owning all three of them.
Too right!
Hey Kav, how close are you to the Florida golf course? It would be immensely gratifying to see him escorted off of any of these leveraged properties.
If he's a billion in debt here, you have to wonder how much he owes Putin.
It depends on how high Putin is dangling that wee-wee vid.
OMG, are you still pushing that insane theory of such a tape--without proof, of course?
it's a defensive move on their part. there's about to be a shitload of evidence dumped as soon as trumpski is out the door, and anyone connected to his scam is going to get crucified in the media.
There was an article several weeks ago which detailed the departure of 2 or 3 Deutsche Bank executives who dealt primarily with Trump and Jared Kushner.
Rats, ships, etc.
Instead of being a billionaire, tRump is a billion in debt.
As Donnie Jr. said at one time we get money from Russia. The Trumpette family will have to go back to the Russians if they hope to keep their heads above water.