Deutsch Bank has announced that it will cut ties with President Donald Trump over events related to the raiding of the Capitol by Trump supporters last week.
The German banking giant which has over €1.2 trillion in assets, will also be joined by another lender, Signature Bank, which says it also close accounts held by Trump valued at $5.3 million, in a report released by Bloomberg on Tuesday.
The report disclosed that Trump’s organizations owe the German lender over $300 million.
Signature Bank said:
Deutsch Bank announced it will not do business with the outgoing President anymore according to sources, the Trump Organization owes the bank $340 million.
Christiana Riley, Deutsch Bank U.S. Operations Head, condemned the attack on the capitol last week saying:
“Yesterday was a dark day for America and our democracy. 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.”