The U.S. Federal Reserve has extended a loan to Deutsche Bank, the bank that helped finance President Donald Trump’s presidential bid.
Deutsche Bank’s president, John Cryan, said the loan was approved on Thursday.
It will be repaid in full in 2019.
Cryan said the bank would continue to invest in the U.N. and the Trump Organization.
Trump has been critical of Deutsche Bank and the bank’s CEO, John Varvatos.
Cryans company has been criticized for a range of financial misdeeds.
He took a $25 million stake in the struggling retailer Macy’s in 2009, and later sold the shares for a profit, then spent millions on other companies, including the real estate and retail conglomerate Trump Hotels & Resorts, that he says were sold at below market value.