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.