Deutsche Bank Cuts Ties with Trump

Deutsche Bank Cuts Ties with Trump

  14 Jan 2021

Deutsche Bank AG has reportedly decided to cut ties with President Donald Trump as well as his private companies following the unrest at Capitol Hill last week.

The German lender has been joined by the New York-based Signature Bank, which also announced that it would be ending its business relationship with the President.

Bloomberg News reported on Tuesday that two insiders within Deutsche Bank — who remained anonymous ostensibly due to banking regulations — confirmed that the German banking giant would no longer conduct any further business with President Trump or his company.

There will still be some relationship between the bank and the President, however, as he reportedly owes Deutsche Bank some $340 million in outstanding loans. The bank has served as a lender for President Trump since the 1990s and has lent some $2 billion during their business relationship.

The day after the events at the Capitol, the head of Deutsche Bank Americas, Christiana Riley wrote on LinkedIn: “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,” she added.

Ahead of the presidential election, Reuters reported that the bank was “eager” to sever ties with the president, after being caught up in the Russia collusion narrative for years and being forced to testify in congressional hearings during the probe.

Democrat Senator Elizabeth Warren — who serves on the Senate’s banking committee — said in November that she planned on continuing investigating the bank into the upcoming administration.

“You bet I’m going to continue to fight for accountability and strong enforcement of our banking laws, especially for giant institutions like Deutsche Bank,” she said.

On Monday, New York lender Signature Bank said that it would be closing two of President Trump’s personal accounts which hold some $5.3 million.

The bank also called for the president to resign before the end of his term, saying in a statement: “We believe the appropriate action would be the resignation of the president of the United States, which is in the best interests of our nation and the American people.”

“We have never before commented on any political matter and hope to never do so again,” the bank added.

According to UK’s Daily Telegraph, a spokesman for Deutsche Bank also said that it will refuse to do any business with members of Congress who backed the president in his fight against the certification of the electoral college vote.

The move by the two banks comes after the announcement from the online payment processor Stripe that it would be blacklisting the Trump campaign from its services, preventing the movement from accepting donations via credit card.

Nine big tech companies have also banned or restricted the President of the United States from operating on their platforms, including Twitter, Google, Apple, Facebook, Instagram, YouTube, Snapchat, Pinterest, Shopify, Reddit, TikTok, Twitch, and Discord.

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11 thoughts on “Deutsche Bank Cuts Ties with Trump

  1. Wowser, can there be any doubt that this is a very transparent chilling threat to any US citizen, politician or
    not, who even dares to challenge the deep state!!!!

  2. I hope that some day the President is vindicated from those entities dancing on his supposed grave and like a Phoenix he will arise from the ashes and put them in their rightful place as cowards who abandoned the best President in my lifetime for the sake geopolitical gain.


  4. I hope each and everyone of people company’s banks fail in all endeavors they take, and Trump and the rest of can laugh are butts off. What a bunch of deep state scoum

  5. These Corporations are as bad as the Democratic Party and the US House of Representatives for jumping the gun. As more investigations are conducted the more evidence is showing Trump was not responsible for the actions of few people who by the way were not Trump supporters per the FBI. It is time for the US House of Representatives to establish a mandatory 30 days waiting period prior to having any mandatory impeachment hearing committees for taking it to the House Floor. Without the 30 days waiting period and hearings, no taking it to the House Floor and voting. This would stop this kangaroo action which this House of Representatives held.

  6. In a way, since DB is one of the largest criminal banks in the world, that is good, no one should do do business with them but since many big business needs funding, any way they can get it, DB will continue as always and Trump will too!

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