CBN BRASIL

Thursday, August 31, 2017

Financial Times': Trump debit with Deutsch Bank

Newspaper says German bank has lent money to several president's projects 



The Financial Times talks about the legal dispute between Donald Trump and Deutsche Bank, which began in late 2008 on account of a debt of the then businessman. 

According to the report, Trump, owner of a New York building, was trying to get rid of $ 40 million of personal guarantees he had provided for a $ 640 million loan to build Trump International Hotel & Tower in downtown Chicago. The Lehman Brothers crisis was an unimaginable event that ultimately affected the multimillionaire. 
The future president of the United States has had losses of $ 3 billion - because the Deutsche-led consortium of creditors allegedly participated in the group that contributed to destroy the world economy, points the Times.

The two sides sought for a time if they understood outside the court. And within a few years, Deutsche was again Trump's lender, continuing a decades-long relationship, even as other major banks abandoned the litigation-prone lender.

In June, Trump unveiled outstanding Deutsche loans of at least $ 130 million secured with real estate in Miami and Washington as well as the condominium in Chicago. The total is likely to be about $ 300 million, according to sources.

No comments:

Post a Comment

Biden announces $9 billion in student loan relief President Biden on Wednesday announced another $9 billion in student debt relief. About 12...