When Donald Trump Needs a Loan, He Chooses Deutsche Bank

[kentuck]

http://www.wsj.com/articles/when-donald-trump-needs-a-loan-he-chooses-deutsche-bank-1458379806

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While many big banks have shunned him, Deutsche Bank AG has been a steadfast financial backer of the Republican presidential candidate’s business interests. Since 1998, the bank has led or participated in loans of at least $2.5 billion to companies affiliated with Mr. Trump, according to a Wall Street Journal analysis of public records and people familiar with the matter.
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Other Wall Street banks, after doing extensive business with Mr. Trump in the 1980s and 1990s, pulled back in part due to frustration with his business practices but also because he moved away from real-estate projects that required financing, according to bank officials. Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley are among the banks that don’t currently work with him.

At Goldman Sachs Group Inc., bankers “know better than to pitch” a Trump-related deal, said a former Goldman executive. Goldman officials say there is little overlap between its core investment-banking group and Mr. Trump’s businesses.

The lukewarm relations with banks is one reason Mr. Trump’s White House bid hasn’t received much financial support from Wall Street, bankers and fund managers say. The securities and investment industry, which includes Wall Street firms, has donated roughly $19 million toward the campaign of Hillary Clinton, so far, according to the Center for Responsive Politics. Mr. Trump, who is largely self-funded, has received $17,255.

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