The German multinational investment lender Deutsche Bank may be looking to sever its business relationship with President Donald Trump and drop approximately $340 million of the president’s debt after the election, according to a new report published by Reuters.
A Deutsche Bank management committee that focuses on upholding the lender’s reputation and risk factors in North America has been discussing various ways to distance from the Trump Organization, Trump’s parent company currently being run by his two sons, Donald Trump Jr. and Eric Trump.
It has been reported that Trump’s debt with the bank consists of three loans that will be coming due over the next two years. While the loans are current on payments, there are still multiple concerns about the bank’s relationship with Trump and the bank may be considering ways to drop the debt by seeking to “sell or demand repayment” of the loan, according to Business Insider. Continue reading.