Trump secured over $50 million in loan from Charles Schwab in 2025, ethics filing shows
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FILE PHOTO: U.S. President Donald Trump speaks on the day he signs an executive order on vehicle repairs in the Oval Office at the White House in Washington, D.C., U.S., June 29, 2026. REUTERS/Aaron Schwartz/File Photo
July 1 (Reuters) - U.S. President Donald Trump secured a more than $50 million loan last year from Charles Schwab Bank, according to his annual disclosure for 2025 with the U.S. Office of Government Ethics.
Trump holds a pledged-asset line, a type of credit line that lets borrowers use their investments collateral to borrow cash, with the lender, but it was not disclosed in his ethics filing for 2024.
The credit line has an interest rate of 3.9%, according to his 2025 disclosure, which was released on Tuesday. The exact size of the loan or the purpose for which it was used was not disclosed.
The loan can be used for a wide range of financial needs such as home purchase and tax payments. There is no minimum draw requirement or maturity date for it, according to Schwab's website.
The annual filing also disclosed more than $1.4 billion in income from his family's crypto ventures last year, underscoring how digital assets have transformed the president's fortunes.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur)
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