Deutsche Bank loaned more than $2 billion to Trump over two decades: NYT
Deutsche Bank loaned more than $2 billion to Donald Trump before he became president — despite multiple red flags surrounding his business dealings, The New York Times reported Monday.
The Times report comes after Germany's two largest lenders, Deutsche Bank and Commerzbank, confirmed on Sunday that they were in talks about a merger. German-traded shares of both banks jumped Monday. Over the years, Trump used loans provided by Deutsche Bank to build skyscrapers and other high-end properties, the Times reported. For the German bank, its relationship with Trump was key in building its investment-banking business, the report said.
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