deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,645
- 290
- Banned
- #1
After lending more than $2.5 billion, Deutsche Bank told Trump "NO MORE LOANS"! Why?
Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.
In 1998, it lent Mr. Trump $125 million for renovations on a Wall Street skyscraper. The relationship blossomed, and over the next 17 years, Deutsche Bank lent or participated in loans to Mr. Trump and his companies totaling more than $2.5 billion.
Around the time that Mr. Trump was winning New Hampshire, South Carolina and Nevada, officials in the private-banking unit informed their superiors that they were inclined to provide him with the loan, according to one of the people familiar with the internal discussions.
Officials in the private-banking unit protested that Deutsche Bank already had numerous outstanding loans to Mr. Trump and that there was no reason not to make another, two of the people said. The decision was appealed to Deutsche Bank’s top executives in Frankfurt.
That was the first time that some senior officials realized the extent of their bank’s dealings with Mr. Trump, the three people said.
The proposed loan was examined by an internal committee that is responsible for vetting transactions to ensure they do not pose serious risks to the bank’s reputation, the people said. That March, the committee unanimously rejected the loan. Christian Sewing — who was in charge of Deutsche Bank’s wealth-management division and would become chief executive two years later — was among those who made the final decision, the people said.
Representative Adam Schiff, the chairman of the House Intelligence Committee, which is investigating Russian efforts to interfere in the 2016 election, has said he wants to look closely at Deutsche Bank because of its past involvement in laundering money for Russian nationals. And Democrats on the House Financial Services Committee, overseen by Representative Maxine Waters, have been asking questions about Deutsche Bank’s loans to Mr. Trump since 2017.
Mr. Schiff and Ms. Waters are planning to conduct a joint investigation of Mr. Trump’s involvement with Deutsche Bank.
-----------
So who is Deutsche Bank?
US DoJ hits Deutsche Bank with record $14bn fine
Deutsche Bank hit with largest Libor fine in history
Deutsche Bank Offices Are Searched in Money Laundering Investigation
Apparently Deutsche Bank is just one giant criminal organization. A criminal organization many times bigger than the Trump Foundation. Another Criminal Organization.
Deutsche Bank targeted by Dems over Trump ties
Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.
In 1998, it lent Mr. Trump $125 million for renovations on a Wall Street skyscraper. The relationship blossomed, and over the next 17 years, Deutsche Bank lent or participated in loans to Mr. Trump and his companies totaling more than $2.5 billion.
Around the time that Mr. Trump was winning New Hampshire, South Carolina and Nevada, officials in the private-banking unit informed their superiors that they were inclined to provide him with the loan, according to one of the people familiar with the internal discussions.
Officials in the private-banking unit protested that Deutsche Bank already had numerous outstanding loans to Mr. Trump and that there was no reason not to make another, two of the people said. The decision was appealed to Deutsche Bank’s top executives in Frankfurt.
That was the first time that some senior officials realized the extent of their bank’s dealings with Mr. Trump, the three people said.
The proposed loan was examined by an internal committee that is responsible for vetting transactions to ensure they do not pose serious risks to the bank’s reputation, the people said. That March, the committee unanimously rejected the loan. Christian Sewing — who was in charge of Deutsche Bank’s wealth-management division and would become chief executive two years later — was among those who made the final decision, the people said.
Representative Adam Schiff, the chairman of the House Intelligence Committee, which is investigating Russian efforts to interfere in the 2016 election, has said he wants to look closely at Deutsche Bank because of its past involvement in laundering money for Russian nationals. And Democrats on the House Financial Services Committee, overseen by Representative Maxine Waters, have been asking questions about Deutsche Bank’s loans to Mr. Trump since 2017.
Mr. Schiff and Ms. Waters are planning to conduct a joint investigation of Mr. Trump’s involvement with Deutsche Bank.
-----------
So who is Deutsche Bank?
US DoJ hits Deutsche Bank with record $14bn fine
Deutsche Bank hit with largest Libor fine in history
Deutsche Bank Offices Are Searched in Money Laundering Investigation
Apparently Deutsche Bank is just one giant criminal organization. A criminal organization many times bigger than the Trump Foundation. Another Criminal Organization.
Deutsche Bank targeted by Dems over Trump ties