Finance

Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

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More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him.

Now, after followers of President Trump laid siege on the U.S. Capitol in riots that caused five deaths last week, even Deutsche Bank wants nothing to do with him.

The moves by Wall Street institutions to distance themselves from Trump make his transition to a post-presidency life much harder. Deutsche Bank has been Trump’s primary business lender since the 1990s and is owed about $340 million in three loans, according to a person with knowledge of the matter.

When those loans come due in…



Source cnbc.com

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