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Deutsche Bank plans to cut ties with Trump after the election and could seize his assets if he can't pay back his debts, Reuters reports

Tom Porter
Business InsiderTue, November 3, 2020, 6:38 AM EST
 
Trump
President Donald Trump at a rally in Grand Rapids, Michigan. BRENDAN SMIALOWSKI/AFP via Getty Images
  • The German lender Deutsche Bank is seeking to dump about $340 million in debt owed by President Donald Trump, Reuters reported on Tuesday.

  • The bank could seek to sell the loans after the election or seek repayment of the money, which starts becoming due in two years, bank officials told the news agency.

  • Trump's ties with Deutsche Bank have long been scrutinized. The lender has handed over records to Manhattan's district attorney as part of a criminal investigation into Trump's businesses.

  • Trump has long denied allegations of wrongdoing in his business dealings.

  • Visit Business Insider's homepage for more stories.

The German lender Deutsche Bank is seeking to cut ties with President Donald Trump after the election, three senior officials at the bank told Reuters on Tuesday.

Deutsche Bank could seek to sell or demand repayment of about $340 million in outstanding loans to the Trump Organization, the report said.

Trump's ties with Deutsche Bank have long been scrutinized. Over the years the bank has become the biggest lender to the Trump Organization, the umbrella company for Trump's hotels, golf resorts, and other businesses.

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Just now, DBP66 said:

Deutsche Bank plans to cut ties with Trump after the election and could seize his assets if he can't pay back his debts, Reuters reports

Tom Porter
Business InsiderTue, November 3, 2020, 6:38 AM EST
 
Trump
President Donald Trump at a rally in Grand Rapids, Michigan. BRENDAN SMIALOWSKI/AFP via Getty Images
  • The German lender Deutsche Bank is seeking to dump about $340 million in debt owed by President Donald Trump, Reuters reported on Tuesday.

  • The bank could seek to sell the loans after the election or seek repayment of the money, which starts becoming due in two years, bank officials told the news agency.

  • Trump's ties with Deutsche Bank have long been scrutinized. The lender has handed over records to Manhattan's district attorney as part of a criminal investigation into Trump's businesses.

  • Trump has long denied allegations of wrongdoing in his business dealings.

  • Visit Business Insider's homepage for more stories.

The German lender Deutsche Bank is seeking to cut ties with President Donald Trump after the election, three senior officials at the bank told Reuters on Tuesday.

Deutsche Bank could seek to sell or demand repayment of about $340 million in outstanding loans to the Trump Organization, the report said.

Trump's ties with Deutsche Bank have long been scrutinized. Over the years the bank has become the biggest lender to the Trump Organization, the umbrella company for Trump's hotels, golf resorts, and other businesses.

Isn’t that special?

  • Thanks 1
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4 hours ago, HSFBfan said:

Thats true

I believe the stock market is pointing towards trump 

It hates uncertainty and its up 450 in the futures 

I believe that means the market understand were gonna stay on the same path 

Stock markets soar as City traders anticipate Joe Biden win

Markets rally across Asia and Europe as analysts expect Democrats to triumph and further Bank of England stimulus

Larry Elliott

Tue 3 Nov 2020 08.17 ESTLast modified on Tue 3 Nov 2020 09.10 EST

panoramic view of the City of London  The FTSE 100 was up more than 100 points in early trading as the gloomy mood of last week faded. Photograph: Commission Air/Alamy Stock Photo

Share prices in the City were on course for their biggest daily gain in two months amid investor hopes that a Joe Biden victory in the US presidential election would result in a major new stimulus package.

London’s leading stock market index – the FTSE 100 – was up more than 100 points in early trading as the gloomy mood of last week faded.

The rally in share prices began overnight in the Asia-Pacific region and moved on to Europe where all the major bourses posted gains. The FTSE was up by more than 100 points by mid-morning in London and trading at its highest level in a week.

 
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1 minute ago, DBP66 said:

Stock markets soar as City traders anticipate Joe Biden win

Markets rally across Asia and Europe as analysts expect Democrats to triumph and further Bank of England stimulus

Larry Elliott

Tue 3 Nov 2020 08.17 ESTLast modified on Tue 3 Nov 2020 09.10 EST

panoramic view of the City of London  The FTSE 100 was up more than 100 points in early trading as the gloomy mood of last week faded. Photograph: Commission Air/Alamy Stock Photo

Share prices in the City were on course for their biggest daily gain in two months amid investor hopes that a Joe Biden victory in the US presidential election would result in a major new stimulus package.

London’s leading stock market index – the FTSE 100 – was up more than 100 points in early trading as the gloomy mood of last week faded.

The rally in share prices began overnight in the Asia-Pacific region and moved on to Europe where all the major bourses posted gains. The FTSE was up by more than 100 points by mid-morning in London and trading at its highest level in a week.

 

As of 15 mins ago market crashed 

 

nice try tho

  • Haha 1
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