DEUTSCHE Bank executives were reportedly looking to offload President Donald Trump’s loans as part of an effort to cut the institution’s financial ties to him after the U.S. election.
Three unnamed senior officials at the investment bank told Reuters that it was tired of the negative publicity around its relationship with the president, which has come under the scrutiny of multiple investigations.
However, they told Reuters discussions about offloading the $340 million of outstanding Trump loans in a secondary market did not progress because there was no clear demand from potential buyers, in part due to the problems surrounding the debt.
The loans are to the Trump Organization, the president’s umbrella group of about 500 business entities, according to filings made to the U.S. Office of Government Ethics in July, and Reuters.
Two of the officials also told the news agency that the three loans are personally guaranteed by Trump,
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