Deutsche Bank Refuses to do Business with Current US President

12 January 2021

    Deutsche Bank, which has been looking for ways to end the relationship with the US president starting from the November US elections, has finally announced that it will not do future business with him and his companies, given the violent protests his supporters have inflicted recently, as well as his attempts at further agitation. 

     

    Deutsche Bank is currently the leader’s biggest lender, with about $340 million in loans outstanding to the president's umbrella company group. The move, reported by the NYT comes as Signature Bank, where Trump's ethics disclosures show he has checking and money-market accounts - called for him to step down.

    "The resignation of the president ... is in the best interests of our nation and the American people”, Signature Bank commented. 

     

    "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”, said Christiana Riley, the head of Deutsche Bank's US operations, following the violence of January 6th.


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