Deutsche Bank Will No More Business With Trump, According To The New York Times | Europe up to date | DW

Deutsche Bank decided not to do more business in the future with the outgoing president of the United States, Donald Trump, or with his companies, which represent important clients, after the violent invasion of his followers to the Capitol, the newspaper The New York Times said this Tuesday (12.01.2021).

However, the bank would not cut off all contact with the Republican tycoon, who still owes more than 340 million dollars to the entity, the newspaper added.

In this way, Deutsche Bank joins different companies that have already decided to cut their financial ties with Trump, accused by some of having incited his followers to violently invade the Capitol, the seat of the US Congress, on January 6.

The head of the bank’s US subsidiary, Christiana Riley, had already severely condemned the incidents on the LinkedIn professional network last week, denouncing “a gloomy day for the United States and (its) democracy.”

The German entity is one of the large Western banks that continued to lend money to the Trump empire after the bankruptcy of several of its casinos in the 1990s.

This decision put him at the center of numerous investigations in the United States. (afp / dpa)


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