Deutsche Bank looks especially expectant at the outcome of the US elections. Since the NY Times published at the end of last month that the German bank has granted multimillion-dollar loans to the Trump OrganizationBad publicity has goaded an entity that already has its own problems.
According to Reuters, which cites three senior officials from Deutsche Bank, the German financial institution wants to "break" its ties with the hitherto US president and, if he loses the elections, everything will be easier.
The Trump Organization owes $ 340 million in outstanding loans to Deutsche Bank, according to the documentation presented by the Republican himself in the US Government Ethics Office last July, and according to a source from the bank.
This amount is spread over three loans, which affect Trump's properties and will expire in the next two years. Over the past few years, the German entity has loaned the current White House tenant more than 2,000 million.
Two of the sources cited by the news agency stress that, one of the ideas is to sell the loans in the secondary market, but from Deutsche they are having trouble finding buyers. Germans have been looking for ways to break their relationship with Trump since 2006, the year in which he created a specific working group to review his link with the then president-elect of the United States.