Trump’s Company Seeks Financial Help

“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,” the New York Times reports.

“Representatives of Mr. Trump’s company have recently spoken with Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on at least some of its loans from the bank.”

Key takeaway: “The Trump Organization’s requests put lenders and landlords in the awkward position of having to accede or risk alienating Mr. Trump.”