Deutsche Bank backs away from Trump after “dark day”

Deutsche Bank backs away from Trump after “dark day”

D

EUTSCHE Bank, owed $300 million by Donald Trump, is backing away from the soon to be ex-president.

Both Deutsche and another Trump family lender Signature Bank say they will do no more business with him, just as he faces a possible second impeachment.

The Deutsche loans come due in 2023 and 2024 and it is far from clear Trump can pay. Rosemary Vrablic, the Deutsche banker who handled the Trump account, resigned last month.

Signature, in the wake of the Washington riots last week, said it was closing two Trump accounts and said he should stand down.

“We have never before commented on any political matter and hope to never do so again,” Signature said in its statement.

“Yesterday was a dark day for America and our democracy,” Deutsche Bank Americas head Christiana Riley posted on LinkedIn a day after the riot. “We are proud of our Constitution and stand by those who seek to uphold it to ensure that the will of the people is upheld and a peaceful transition of power takes place.”

Source link