Banking: Deutsche Bank seeks to drop Trump

“Tired of the negative publicity,” Deutsche Bank has been discussing ways to cut all ties with President Trump after the election, said Matt Scuffham in Reuters.com. The German bank “has about $340 million in loans outstanding to the Trump Organization,” backed by Trump properties in Miami, Washington, and Chicago and “personally guaranteed by the president.” “In meetings in recent months, a Deutsche Bank management committee” has floated the idea of selling the loans on the secondary market. But an official says that idea “has not gained traction in part because it is not clear who would want to buy the loans.”