Deutsche Bank Denied Trump Loan During 2016 Campaign, NYT Says

Trump’s request was rejected by the bank’s top management committee, which at the time included future Chief Executive Officer Christian Sewing, according to three unidentified people cited by the Times. Among its concerns was that if Trump won the election and eventually defaulted, the bank would have to choose between not collecting the debt and seizing assets of the U.S. president, the newspaper said. The Trump Organization sought a loan against its Miami resort to pay for work on a golf property in Turnberry, Scotland, according to two of the people.

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