FRANKFURT: The New York Times reports that Deutsche Bank will not do business in the future with US President Donald Trump or his companies in the wake of his supporters ’attack on the US Capitol.
Deutsche Bank is Trump’s largest lender, with about $ 340 million in loans owed to the Trump Organization, the president’s umbrella group that he currently oversees and his two sons, according to Trump’s disclosures with the US Office of Government Ethics on July 31 last year, in addition to banking sources.
The move, citing a person familiar with the bank’s thinking, reported by the New York Times, comes in the form of Signature Bank – as Trump’s moral disclosures show he has checking and money market accounts – has called for him to step down.
“The president’s resignation … is in the interest of our nation and the American people,” Signature Bank said on its website.
A Deutsche Bank spokesman declined to comment on Tuesday on the New York Times report.
The Trump Organization did not immediately respond to an email requesting comment outside of normal business hours, and the White House press office did not immediately return the phone.
Christiana Reilly, Deutsche Bank’s chief operating officer in the United States, condemned the January 6 violence in Washington in a LinkedIn post last week.
She wrote, “We are proud of our constitution and stand by those who seek to uphold it to ensure adherence to the will of the people and the peaceful transfer of power.”
Reuters reported in November that Deutsche Bank was looking for ways to end its relationship with Trump after the US election, as he is tired of negative publicity emanating from the relationship.
Trump’s loans with Deutsche are for golf courses in Miami and hotels in Washington and Chicago.
The President received a reprimand from the professional golfer this week, as PGA of America and R&A announced that they would be avoiding two President-owned courses following the storming of the Capitol.
Twitter and Facebook have shut down Trump’s social media channels.