Trump Organisation wants Deutsche Bank to delay loan payments

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Deutsche Bank also negotiated some loans with a personal guarantee from Donald Trump, meaning it may have to collect from a sitting president

The Trump National Doral golf resort in Miami, Florida, the US. Picture: AFP/MICHELE EVE SANDBERG

A Deutsche Bank spokesperson declined to comment. A Trump Organisation spokesperson didn’t immediately respond to a request for comment. Analysts have flagged commercial real estate as a particularly vulnerable part of the economy as malls and hotels across the country have had to close. But while other companies hit by the crisis may be able to tap into a $500bn rescue fund, the president and his family are barred from accessing that money, the New York Times said.

 

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GuiVanVeen Well, it’s not as if a Trump business going bankrupt would be a new thing, just another of many. Wonder how many other small businesses he will take with him this time?

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