Tag: Trump debt

Deutsche Bank looking to dump Trump after election and may seize his assets if he cannot repay debts: report

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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.

As the ‘King of Debt,’ Trump borrowed to build his empire. Then he began spending hundreds of millions in cash.

The following article by Jonathan O’Connell, David A. Fahrenthold and Jack Gillum was posted on the Washington Post website May 5, 2018:

Less than a month before he became the Republican nominee, Donald Trump celebrated the grand reopening of his Aberdeen, Scotland, golf course. Credit: Matthew Lloyd, Bloomberg)

In the nine years before he ran for president, Donald Trump’s company spent more than $400 million in cash on new properties — including 14 transactions paid for in full, without borrowing from banks — during a buying binge that defied real estate industry practices and Trump’s own history as the self-described “King of Debt.”

Trump’s vast outlay of cash, tracked through public records and totaled publicly here for the first time, provides a new window into the president’s private company, which discloses few details about its finances. Continue reading “As the ‘King of Debt,’ Trump borrowed to build his empire. Then he began spending hundreds of millions in cash.”