New York, United States
Deutsche Bank decided to stop doing business in the future, with outgoing United States President Donald Trump, or with his companies representing key clients following his followers’ violent invasion of Congress, the New York Times newspaper said on Tuesday.
However, the bank wouldn’t cut all contacts with the Republican mogul, who still owes more than that $ 300 million for the entityadded the medium.
In this way, Deutsche Bank joins several companies that have already decided cut financial ties with Trump, accused by some of inciting followers to forcibly invade the Capitol, the seat of the United States Congress, on January 6.
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The head of the bank’s US subsidiary, Christiana Riley, had already severely condemned the incidents on the professional network LinkedIn last week, condemning “a gloomy day for the United States and (its) democracy.”
“Violence has no place in our society and the scenes that took place (on Wednesday) are an embarrassment to the whole nation,” said Riley.
German Bank has a complicated history with the incumbent president.
The German entity is one of the few large Western banks continued to lend money to Trump’s empire after the bankruptcy of some of its casinos in the 1990s. This decision placed it at the center of many investigations in the United States.
The bank received several requests to provide documents, as part of an investigation into suspected collusion between, for example, the US billionaire’s campaign and Russia or loans linked to the real estate business of his son-in-law Jared Kushner’s family.
Another entity that controlled Trump’s personal accounts, Signature Bank, also began closing them, a spokeswoman said.