The concern is not hypothetical

There’s also Deutsche Bank.

Most banks steer clear of Trump; Deutsche Bank is the big exception.

Regulators are reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit, The New York Times reported, citing three people briefed on the review. The regulators are examining whether the loans might expose the banks to heightened risks.

New York regulators have paid particular attention to personal guarantees Mr. Trump made to obtain the loans.

There is no formal investigation of the bank, and personal guarantees are often required for big loans from wealth managers. The regulators are focused on whether these guarantees could create problems for Deutsche Bank should Mr. Trump fail to pay his debts, leaving it with a choice of suing him or risking being seen to have cut him a special deal. The concern is not hypothetical: Mr. Trump sued the bank to delay paying back an earlier loan.

You’d think that would make them want to terminate the relationship, wouldn’t you.

Separately, Deutsche Bank has been in contact with federal investigators, and it is likely eventually to have to provide information on the Trump accounts to the special counsel in the Russia inquiry, Robert S. Mueller III.

I’m sure he’ll find that everything is on the up and up.

One Response to “The concern is not hypothetical”