Deutsche Bank declined to give President Trump Donald John TrumpBubba Wallace to be driver of Michael Jordan, Denny Hamlin NASCAR team Graham: GOP will confirm Trump's Supreme Court nominee before the election Southwest Airlines, unions call for six-month extension of government aid MORE a loan in 2016 after the then-candidate requested funds for his Trump Turnberry golf property in Scotland, The New York Times reported Saturday.

Senior bank officials, including its future CEO, debated giving Trump a loan because they believed Trump's polarizing candidacy created too many risks, three people with knowledge of the request told the Times.

The officials also raised concerns about a situation in which Trump could win the presidency and default on the loan, in which case the bank would have to seize assets from the president or not collect the debt.

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Trump Organization spokeswoman Amanda Miller denied that the company had sought a loan, telling the Times that it was able to finance work on the Turnberry resort independently. She did not address whether the organization requested a loan from Deutsche Bank.

“This story is absolutely false,” Miller told the Times. “We bought Trump Turnberry without any financing and put tens of millions of dollars of our own money into the renovation, which began in 2014. At no time was any money needed to finance the purchase or the refurbishment of Trump Turnberry.”

Deutsche Bank and the Trump Organization did not immediately respond to The Hill’s request for comment.

Deutsche Bank had previously given loans to Trump, lending him $125 million in 1998 for renovations on a Wall Street skyscraper and lending or participating in loans to Trump and his companies for more than $2.5 billion over 17 years after that, according to the Times.

Special counsel Robert Mueller Robert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE has reportedly subpoenaed records of Trump’s transactions with Deutsche Bank, though the White House has denied such reports.

California Democratic Reps. Maxine Waters Maxine Moore WatersPelosi: House will stay in session until agreement is reached on coronavirus relief Omar invokes father's death from coronavirus in reaction to Woodward book Business groups increasingly worried about death of filibuster MORE and Adam Schiff Adam Bennett SchiffChris Matthews ripped for complimenting Trump's 'true presidential behavior' on Ginsburg Trump casts doubt on Ginsburg statement, wonders if it was written by Schiff, Pelosi or Schumer Top Democrats call for DOJ watchdog to probe Barr over possible 2020 election influence MORE also say they plan to subpoena Deutsche Bank.

Sens. Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) have urged Senate Banking Committee Chairman Mike Crapo (R-Idaho) to open a bipartisan investigation into Deutsche Bank.