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Biggest bombshells from New York Times report on Trump, Deutsche Bank

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  • A new report from The New York Times’ David Enrich highlights dubious dealmaking and questionable partnerships between President Donald Trump and Deutsche Bank.
  • While numerous banks viewed Trump’s past bankruptcies as a sign to steer clear of the real estate mogul, Deutsche Bank used him and his businesses to rapidly ascend the financial sector.
  • The Times report details how Deutsche Bank gave Trump special treatment over several years, and how the millionaire leveraged the partnership to secure unorthodox credit lines. 
  • Here are the five biggest bombshells from the report, from Trump flying bankers in his private jet to the bank holding years of hidden tax returns.
  • Visit the Business Insider homepage for more stories.

President Donald Trump’s relationship with Deutsche Bank has fallen under public and regulatory scrutiny since his first months in office, and a new report from The New York Times offers new insights into the unorthodox partnership.

Times reporter David Enrich, who spent the last two years interviewing Deutsche Bank executives about the firm’s relationship with Trump, gleaning a mix of revealing anecdotes and riveting details, revealed how some employees viewed Trump as a boon for the growing company, while others look back on their business with the real estate mogul with “a mixture of anger and regret.”

For Trump, Deutsche Bank fueled numerous risky loans and allowed him to continue expanding his business empire after a number of major bankruptcies. The Times’ report details how working with Trump helped establish Deutsche Bank as a maverick among financial institutions, willing to do business with people other banks wouldn’t touch.

Here are the five biggest bombshells from the early February report, from Trump’s cozying up with bank staff to a questionable method for obtaining new loans.

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