- Sep 19, 2011
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Deutsche Bank, one of President Donald Trump’s main lenders, plans to distance itself from its best-known client in the wake of last week’s Capitol insurrection, creating a new threat to Trump's finances once he leaves office.
The German bank will no longer do business with Trump or his company going forward, according to a person familiar with the matter. Trump owes the bank more than $300 million.
Separately, New York's Signature Bank said it is closing Trump's personal accounts and calling for his resignation. The bank is pledging to no longer do business with any members of Congress who objected to the certification of President-elect Joe Biden's election last week.
"To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic," Signature Bank said in a statement. "We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty."
The German bank will no longer do business with Trump or his company going forward, according to a person familiar with the matter. Trump owes the bank more than $300 million.
Separately, New York's Signature Bank said it is closing Trump's personal accounts and calling for his resignation. The bank is pledging to no longer do business with any members of Congress who objected to the certification of President-elect Joe Biden's election last week.
"To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic," Signature Bank said in a statement. "We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty."
Deutsche Bank cuts ties with Trump after Capitol attack
Trump owes the bank more than $300 million.
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