But the economic bailout package, which Mr. Trump signed into law last week, specifically barred the president and his family from access to that money. Late last month, Mr. Trump’s representatives contacted their relationship managers in Deutsche Bank’s New York private-banking division, which caters to wealthy customers. The Trump Organization has a small amount of debt compared with other major real estate companies, which could weigh in the company’s favor as it seeks accommodations. Deutsche Bank has lent Mr. Trump and his companies about $2 billion since 1998, the only mainstream financial institution consistently willing to do business with Mr. Trump and his companies. The Trump Organization rents the Washington property from the federal government, and the company had been soliciting bids from potential buyers for the lease, a process that is now on hold, The Washington Post reported.

Source: International New York Times April 02, 2020 18:41 UTC