Two banks the previously did business with President Donald Trump are cutting him off following the Jan. 6 riot in the U.S. Capitol.
Deutsche Bank AG, a German lender, and Signature Bank, a New York-based institution, have both announced that they will no longer do business with Trump because of his actions on Jan. 6. Signature Bank went farther saying that it would not do business with any lawmaker that voted against certifying the 2020 election results, according to Bloomberg.
Trump currently has roughly $300 million in outstanding loans due to Deutsche Bank. Those loans come due in 2023 and 2024. The German bank has come under scrutiny during Trump’s term as Democrats and prosecutors have pushed to obtain Trump’s financial history.
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Trump’s longtime banker at Deutsche, Rosemary Vrablic, announced her resignation from the bank last month. Her announcement came after the bank opened an internal investigation of a 2013 real estate deal between the banker and a company