Because of Trump’s inconsistent track record in business, which included multiple bankruptcy filings and frequent lawsuits, most other major banks would not lend to him. Deutsche Bank loaned Trump millions under the direction of Justice Kennedy’s son.
U.S. special counsel Robert Mueller, who is investigating alleged Russian interference in the 2016 election, subpoenaed Deutsche Bank, in a move that could turn dangerous for President Donald Trump.
Actually, Trump owes the German bank over $1 billion, if you add up the various entities. Trump currently has two loans and two mortgages with Deutsche Bank and owes it about $340m (£270m).
The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January. The debts of President Donald Trump and his businesses are scattered across Wall Street banks, mutual funds and other financial institutions, broadening the tangle of conflicts of interest.