Economy

Deutsche Bank ends dealings with US President Donald Trump

US President Donald Trump.

dpa

The number of insider reports has been increasing since the end of November, now it seems to be a done deal, according to a report in the New York Times. Deutsche Bank cuts business relations with US President Donald Trump. The decision comes after the fatal rioting in the US Capitol on January 6th.

Deutsche Bank has been one of Donald Trump’s most important lenders for many years. Currently, the US president is said to owe the financial institution more than 300 million US dollars.

When asked by NewsABC.net, Deutsche Bank did not want to comment on the reports in the New York Times.

Trump’s advisor at Deutsche Bank left in December

The banker responsible for Trump at the German, Rosemary Vrabic, left the bank in December. According to a report in the New York Times, the banker ensured that Trump’s company received loans totaling several hundred million dollars. The money house then launched an investigation in August into a real estate deal from 2013 between Vrabic and a company that partly belongs to Trump’s son-in-law Jared Kushner. Deutsche Bank did not comment on the reasons for Vrabic’s departure at the time.

Deutsche Bank is not the only financial institution to end its relationship with Trump. The Signature Bank also cuts the relationship. The bank has looked after the Trump family for many years. Signature is now closing two US President’s personal accounts that hold approximately $ 5.3 million. The bank is even publicly pressing for the resignation of the US president. “We believe the appropriate measure would be the resignation of the President of the United States, which is in the best interests of our nation and the American people,” the financial institution said in a statement.

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