Deutsche Bank Said to Deny Loan to Trump Organization in 2016

Deutsche Bank AG denied a request for a loan by the Trump Organization in the midst of Donald Trump’s presidential campaign, in part because the German lender was worried about potential reputational issues, according to a person familiar with the matter.

The request in early 2016 was escalated to several committees responsible for vetting credit applications and was ultimately rejected by the group reputational risk committee, which at the time included Christian Sewing, now Deutsche Bank’s chief executive officer. One concern was that it would be difficult to collect debt from Trump if he won the presidential election, the person said.