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NEW - Deutsche Bank are exploring selling Trump loans, or, if he loses, demanding payment.
Link to tweet
Deutsche Bank are exploring selling Trump loans, or, if he loses, demanding payment. Because the loans are personally guaranteed, the bank could attempt to seize all of Trump's assets if he does not pay.
Exclusive: Tired of Trump, Deutsche Bank games ways to sever ties with the president - sources
https://mobile.reuters.com/article/amp/idUSKBN27J0G0#click=https://t.co/8J2vzP1fRx
NEW YORK/FRANKFURT (Reuters) - 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.
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.
I’ll buy them. Let’s all go in on it. Offer, say, 1 ruble per dollar?
Paying the piper will destroy his fragile ego!
16 replies
= new reply since forum marked as read
= new reply since forum marked as read
change the name to The People's Tower. Lots o' folks would love that! 
"it is not clear who would want to buy the loans and the attendant problems that come with it"
Aw, boo. You're stuck with this pig.