To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

Traces of water found on Mars

At least in the distant past the Red planet had a liquid bodies of water

Trump has yet to solve a conflict with Deutsche Bank

Bloomberg has detected a conflict of interest between Donald Trump and Deutsche Bank. The ground of conflict is $300 million.

23.Dec.16 3:53 AM
By Anna Tuzova


Trump has yet to solve a conflict with Deutsche Bank
Deutsche Bank is trying to restructure a parcel of debt of the Elected President of the U.S.A. Donald Trump for approximately $300 million in an attempt to lower the possibility of conflict between the creditor and the President, as reported by Bloomberg with a link to statements of the knowledgeable persons.

It is noted that regardless of the credit restructuring conditions the process will complicate relations between the biggest bank in Germany and its’ client. As Bloomberg reports, Trump has used the “most powerful tool” while dealing with bankers, – his personal guarantee.

Now the guarantee which was used for getting better terms for the Trump Organization is one of the most frequent topics of discussion of the Deutsche Bank debts restructuring problem. Several activities of this bank are under investigation by US authorities, including the suspicious transactions in Russia. 

It is also noted that Deutsche Bank provided loans to other Trump’s family members, in particular to his son-in-law Jared Kushner.

As reported previously, Donald Trump has closed four companies owned by him which were connected with Saudi Arabia. 

Back to the list

Related Information: