The coronavirus pandemic has forced countless businesses in the United States to suspend or slow down their brick-and-mortar operations, including some owned by the Trump Organization. And the New York Times reports that President Donald Trump’s company is asking Deutsche Bank about possibly postponing payments on loans it has received.
Times journalists David Enrich, Ben Protess and Eric Lipton report, “With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations.”
It has been widely reported that Deutsche Bank is, hands down, the Trump Organization’s largest lender. And the Times journalists report that the company’s representatives have recently spoken with Deutsche “about the possibility of postponing payments on at least some of its loans from the bank.” Continue reading.