New details are emerging about the long, symbiotic and at times troubled relationship between the president and his loyal German bank. Source: NYT > Business – DAVID ENRICH
A Mar-a-Lago Weekend and an Act of God: Trump’s History With Deutsche Bank
Deutsche Bank’s hunger for profits and risk led it to lend Donald Trump more than $2 billion. Once he was elected president, employees were told not to utter his name. Source: NYT > Business – DAVID ENRICH
Deutsche Bank and Commerzbank, Germany’s Two Largest Lenders, in Merger Talks
The negotiations are aimed at creating a national champion to take on Wall Street giants, but it is unclear whether a deal would solve either companies’ problems. Source: NYT > Business – MICHAEL J. de la MERCED and JACK EWING
Trump Exaggerated His Wealth in Bid for Loan, Michael Cohen Tells Congress
The president’s former lawyer, Michael Cohen, testified that Donald Trump presented documents to Deutsche Bank that “inflated” the value of his assets. Source: NYT > Business – DAVID ENRICH, MATTHEW GOLDSTEIN and JESSE DRUCKER
Do Two Troubled Banks Make One Good One? Germany May Find Out
Amid speculation that Berlin will push a merger of Deutsche Bank and Commerzbank to ensure Germany has one big league lender, here are the pros and cons. Source: NYT > Business – JACK EWING
Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.
Donald Trump turned to the German bank, one of the few lenders willing to do business with him, to borrow millions of dollars that would go to his golf resort in Scotland. Source: NYT > Business