Summary
Top Deutsche Bank AG executives were so concerned after the 2016 U.S. election that the Trump Organization might default on about $340 million of loans while Donald Trump was in office that they discussed extending repayment dates until after the end of a potential second term in 2025, according to people with knowledge of the discussions.
The bank ultimately decided against restructuring the loans to the Trump Organization, which come due in 2023 and 2024, and chose instead not to do any new business with Trump while he was president, one of the people said.
A spokesman for Deutsche Bank declined to comment, and the people with knowledge of the discussions said they didn't know why the bank ultimately decided not to extend the loans.
Deutsche Bank had been Trump's go-to lender for decades, even as other commercial banks stopped doing business with him because of multiple bankruptcies.
The Trump Organization said it never sought such a loan.
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