Deutsche Bank, a German multinational investment bank, is aiming to sever ties with President Donald Trump if he loses the election due to the negative attention that has come with his patronage. After congressional investigations and hearings have tied the bank to Trumps affairs and connection with Russia. One senior official at Deutsche Bank has characterized their relationship as “serious collateral damage”
The bank has about $340 million in outstanding loans have loaned Trump over $2 billion total. With the $340 million, Trump has been only paying the interest on the loan and still owes the principal. Those loans are due in 2023 and 2024.
Should the banks cut ties with the president, they have two options. The first is that they sell his loans to another bank. However the biggest question is who would pick that up? There is the negative attention that comes with loaning Trump money, who is constantly under investigation. Also he has a long history of not paying them back.
The second option is that Deutsche Bank seizes Trump’s assets. He has personally guaranteed these loans and has put up golf courses and a hotels as collateral.
It’s safe to say that the President of the United States will have more than his employment on his mind tonight as votes are being counted. President Donald Trump stands to lose his entire empire.