Deutsche Bank Trump

Deutsche bank launched an internal investigation into the longtime personal banker for president trump and his son in law jared kushner a bank spokesman confirmed to the hill on sunday.

Deutsche bank trump. It seems as if donald trump is underwater. Deutsche bank is complying with a subpoena by manhattan district attorney cyrus vance jr giving his office financial statements and other records related to president donald trump according to. His biggest creditor to whom trump owes well over 300 million is deutsche bank.

For nearly two decades donald j. The bank has announced that it will reduce its workforce by 18 000 people in asia europe and america. Thus the company has asked deutsche bank for delayed loan payments.

Deutsche bank has revealed that trump s tax returns are among the documents that fall under the subpoenas. Other investigators have requested records from deutsche bank which was one of the few banks willing to lend to trump after a series of corporate bankruptcies starting in the early 1990s. Thomas bowers identified as a former deutsche bank executive who signed off on controversial loans to president donald trump died last week after apparently taking his own life at 55.

Unlike his predecessors trump has refused to disclose his tax returns. In 2014 trump took out a separate floating loan from deutsche s private bank to bankroll the development of his luxury hotel in washington dc. Trump relied on deutsche bank to lend to him when other banks wouldn t.

The revenue he is generating from his properties just barely covers the interest payments on his massive debts. It appears the trump organization has been surviving month to month and eek to week. The german bank announced trump s company the trump organization can t make their april debt payments.

Deutsche bank eager to expand in the united states made a decision to repeatedly take a. According to forensic news scott stedman one source who has direct knowledge of the fbi s investigation into deutsche bank said that federal investigators have asked about bowers and documents he.