The Trader 

Market Outlook: President Trump sues the banks

The Trader

US bank Capital One, and Germany’s Deutsche Bank are to be sued by the American President, his 3 eldest children and 7 of his companies. The unusual move aims to block subpoenas issued by the US House Committee (controlled by the Democrats) for the release of his financial records. It is estimated that Deutsche loaned more than $2 billion to Mr Trump and was, at one point, the only organisation willing to lend to the then embattled property developer.

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