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Through the Trump Organization, the president’s umbrella company now run by his two sons, Donald Trump owes Deutsche Bank about $ 340 million.
The loans are secured in real estate and will not mature for two to four years, but the bank now wants to ditch the loans prematurely, the news agency writes.
This also includes the risk that the assets of the real estate empire securing the loans, including hotels, will be misused by the crown pandemic and that therefore there is a risk that the Trump Organization will not be in a position to repay. , according to information from the news agency.
$ 2 billion loan
In total, Deutsche Bank has made loans to Donald Trump worth around $ 2 billion (about SEK 18 billion) since the late 1990s, and the bank has been at the center of investigations that have sought to obtain the president’s tax returns.
Donald Trump has persistently refused to publish his statements.
The investigation into the president’s connection to Russia has also come to include Deutsche Bank, and the bank itself has not escaped mockery and speculation by high-profile democratic politicians as one of the worst sinners in terms of money laundering around. the world.
Deutsche Bank declined to comment on the information.
