NAnd banks also want to end their dealings with Donald Trump. After the deadly riots in the Capitol on Wednesday, several companies are pulling out of Trump and his companies. According to media reports, Deutsche Bank is said to have decided not to do any further business with Trump and his companies. The news service Bloomberg and the newspaper “New York Times” report this and name a person familiar with the matter as the source.
When asked, Deutsche Bank did not say whether it no longer wants to work with Donald Trump, his company or his family in the future. “We do not comment on this,” said the company. Deutsche Bank has done business with Trump for two decades. He owes the bank more than $ 300 million due over the next few years.
New York Signature Bank openly announced that it would cut all ties and demanded his resignation. Signature, which has long been linked to his family, is closing two personal accounts Trump held about $ 5.3 million, a company spokesman said Monday. In a statement, the bank said, “We believe that the appropriate action would be for the President of the United States to step down, which is in the best interests of our nation and the American people.”
End of cooperation
The lending institutions are following social media outlets and other firms suspending relations with the president after he encouraged attendees to march on the Capitol at an event last week. They then stormed the building and interrupted the official confirmation of Joe Biden as future President of the United States. At least five people died in and immediately after the chaos.
Signature Bank was closely linked to Trump and others around him, such as Ivanka Trump, Jared Kushner and Michael Cohen. In 2011 the bank appointed Ivanka to its board of directors, but she resigned a few years later.
Deutsche Bank announced last month that Trump’s longtime banker has resigned. Rosemary Vrablic, who worked in private banking, was responsible for the bank’s client relationships with Trump. Over the years, the credit institution had lent hundreds of millions of dollars to Trump. That relationship exposed the bank to pressure from politicians and prosecutors to release information during Trump’s presidency.