DB - Deutsche Bank studies ways to cut ties with Trump - Reuters

Deutsche Bank ([[DB]] +3.1%) is seeking to sever ties with President Donald Trump, a relationship it's had since 1990s. How quickly and what options the bank has will depend on whether Trump wins re-election.Germany's largest lender has ~$340M in loans outstanding to the Trump Organization, which is currently run by the president's two sons, according to filings with the U.S. Office of Government Ethics in July and an unnamed senior person at the bank.Already the focus of government probes into money laundering and other practices, the added investigations into the president's business dealings have added to the negative publicity it's had to handle in recent years.This, as the bank strives to turn itself around after years of posting losses.While Deutsche Bank has been reviewing its relationship with Trump since at least 2016, its eagerness to end its business with the president is increasing.If Democrat Joe Biden wins the presidency and

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Deutsche Bank studies ways to cut ties with Trump - Reuters