Deutsche Bank Itching to Dump Trump After He Loses Election
No bank will touch Donald Trump as he attempts to restructure several large loans coming due and borrow for his empire’s future survival. Speculation over why the German-based bank did business with someone who had been a problem for the bank in the past has simmered for the past several years.
Deutsche Bank has been under siege for the past four years. Besides having to deal with subpoenas from Congressional Investigators, they have been the center of attention in both the investigations conducted by New York State Attorney General Letitia James and Manhattan DA Cyrus Vance Jr. into the Trump Organization. Many people are suspicious that the money lent by Deutsche Bank was laundered money from Russian Oligarchs.
Trump’s Last Remaining Bank Subpoenaed
Attorney General Letitia James on Saturday confirmed that the state's investigation into Donald Trump's family and business will proceed whether he's president or not.
The New York investigations have been slowed by President Trump’s desperate litigation to keep his personal and business tax filings and business records from being turned over to the New York Attorney General, Manhattan DA, and the House of Representatives.
Attorney General Letitia James said…
"We will continue that investigation, and at this point in time there's nothing more that I can say other than the fact that they have used every legal attempt to block and to deny us information and to witnesses," the attorney general said. "We filed requests to compel and we were successful."
"But they were all denied by the federal court judge and our motion to compel was successful," she explained.
When asked about whether Trump has any avenues of "immunity" to shield him from the probe, James noted that the president's legal team "raised a number of defenses" in response to the state's motion to compel.
This has put Deutsche Bank between a rock and a hard place and made it the subject of a great deal of negative publicity. There is more than one former Deutsche Bank that insists the bank is involved in a cover-up.
With that background, Reuters is reporting “senior officials” at Deutsche Bank say they’re tired of the negative publicity that comes with being Trump’s favorite bank and are itching to dump him after the 2020 presidential election…
“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 its relationship with Trump, to whom the bank has lent $2 billion over the past two decades.”
According to Reuters, some key members of the Deutsche Bank management team have floated the idea of selling Trump’s remaining loans on the secondary market. Still, there’s worry no one will want to touch them, given Trump’s long history of stiffing creditors.
According to Reuters, the big fear for Deutsche Bank is that Democrats will win control of the White House, Senate, and House of Representatives to give them even more leverage to scrutinize Trump’s relationship with the bank.
Many journalists familiar with Trump and his businesses believe Deutsche Bank acted as a money launderer for Russian Oligarchs and acted as a go-between. Trump’s desperation to be re-elected is his best chance of staying out of jail.
Deutsche Bank eager to cut Trump ties, say sources