Banks Cut Ties with Trump

New York Times: “Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, has decided not to do business with Mr. Trump or his company in the future. Mr. Trump currently owes Deutsche Bank more than $300 million, which is due in the next few years.”

“The bank has concluded that, short of forgiving the debt, it has no way to extricate itself from the Trump relationship before the loans come due.”

“Another longtime financial partner of the Trumps, Signature Bank, also is cutting ties.”