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- The trouble is that the business that Deutsche is banking on for its future is itself in a miserable state. There is precious little money to be made taking deposits from and lending to Germans, when the European Central Bank’s interest rates are about to fall further below zero, and when state-owned savings banks depress margins on what loan business there is to pennies.
Trump took office in 2017 as the most indebted president in the history of America. Of his many debts, he owed the most, more than $350 million, to Deutsche Bank. And while Robert Mueller’s investigation, the crisis at the border, and the prospect of impeachment have dominated the headlines lately, there’s an equally important and potentially explosive story brewing that involves Trump, his son-in-law, Jared Kushner, and Deutsche Bank.