Trump Organization Asks Deutsche Bank for Loan Payment Delay
- Talks come as companies worldwide seek relief from pandemic
- Deutsche Bank is said to have similar talks with many clients
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The family business of U.S. President Donald Trump is in informal discussions with Deutsche Bank AG about delaying some loan payments as the coronavirus forces widespread disruptions to the economy, according to a person familiar with the matter.
Trump Organization representatives reached out to the Deutsche Bank’s private banking unit in New York late last month and the talks are ongoing, according to the New York Times, which reported the negotiations earlier. Deutsche Bank is having similar discussions with other commercial real estate companies in the U.S., said another person, also asking not to be identified discussing private matters.