https://www.motherjones.com/politics/2018/04/the-head-of-the-deutsche-bank-division-that-loaned-trump-364-million-just-got-a-big-promotion/
"He’s worked in a number of roles at the bank, but what’s significant about his resume is the job he held prior to his promotion: He oversaw the firm’s private bank, the division that caters to high-net-worth clients and has loaned Trump’s company hundreds of millions of dollars over the years, when few lenders (including Deutsche Bank’s own commercial lending arm) would do business with the bankruptcy-prone businessman. According to Trump’s financial disclosures, he has loans with the bank totaling as much as $364 million. Sewing, who has worked for the German bank since 1989, was tapped in 2015 to run the firm’s retail and private banking divisions. During his tenure, the private bank made a $170 million loan to the Trump Organization to finance its new Washington, DC, hotel—one of at least four loans it has made to Trump and his businesses over the years. (The private bank also loaned money to a failed business venture that Donald Trump Jr. was involved in.) It was also during Sewing’s stint running the private bank that the company began to grapple with some of the sticky issues that arise when you hold hundreds of millions in debt belonging to the president of the United States. Trump made a personal guarantee on some of his loans, meaning that in the event of a default by the Trump Organization, he would be personally responsible for some of the money owed to the bank. In late 2016 and early 2017, Deutsche Bank’s private banking division reportedly attempted to restructure Trump’s various debts in an effort to remove his guarantees from the agreements, since the prospect of having a sitting president on the hook for tens of millions of dollars seemed problematic. But the effort to renegotiate the loans foundered. “Discussions about the loans have moved from the bank’s lending experts, who were trying to strip out the personal recourse, to more senior managers, who are assessing the political ramifications of any restructuring,” reported Bloomberg last March."
