Trump’s biggest lender, Deutsche Bank, moves to sever ties - News Summed Up

Trump’s biggest lender, Deutsche Bank, moves to sever ties


Deutsche Bank, which has $340 million of outstanding loans to the Trump Organization, will reportedly not deal in future with the outgoing president or his business empire. SponsoredA spokesman for the bank declined to comment on an article in The New York Times which cited a person familiar with its thinking. Deutsche is Mr Trump’s most important lender, according to official disclosures. Another institution with which the president banks, Signature Bank, has called on him to step down immediately. In a statement it argued that Mr Trump’s resignation would be “in the best interests of our nation and


Source: The Times January 12, 2021 12:00 UTC



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