The German bank is the Trump Organization’s largest creditor. The American Signature Bank is also distancing itself.
After the assault on the Capitol, Deutsche Bank has decided not to do business in the future with Donald Trump, nor with his companies, reports on Tuesday. New York Times. The financial establishment is thus in the wake of many companies that have decided to no longer have financial ties with the outgoing US president, accused by some of having encouraged his supporters to storm Congress on January 6. .
The head of the American subsidiary of the bank, Christiana Riley, had severely condemned this attack on the professional network LinkedIn last week, denouncing “a dark day for America and (its) democracy». «Violence has no place in our society and the scenes that took place are a disgrace for the whole nation».
A complicated story between Trump and Deutsche Bank
Deutsche Bank, which is the largest creditor of the Trump Organization, the president’s conglomerate, currently run by his two sons, is not expected to cut ties with the White House tenant entirely, however, as he still owes him around 340. million dollars (279.67 million euros) of outstanding loans granted. These loans would relate to a golf course in Miami and hotels in Washington and Chicago.
Deutsche Bank has a complicated history with the incumbent president. The German establishment is one of the only major Western banks to have continued to lend money to Donald Trump’s empire after the bankruptcy of several of its casinos in the 1990s. This role earned it be at the center of many investigations in the United States. The bank was notably asked on several occasions to provide documents, as part of the investigation into the suspicions of collusion between the campaign of the American billionaire and Russia for example, or on loans linked to the real estate business of Jared Kushner’s family.
Signature Bank is also distancing itself
The American bank Signature Bank, where Donald Trump’s daughter once sat, Ivanka, also takes its distances. According to the confidences of a spokesperson for the establishment at New York Times, two of Donald Trump’s personal accounts are expected to be closed soon. These accounts represent an amount of approximately $ 5.3 million, according to a spokesperson.
Signature Bank is also committed “to no longer collaborate in the future with any member of Congress who voted againstThe certification of the election of Joe Biden as President of the United States on January 6, added the spokesperson.