Deutsche 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.
“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,” Signature Bank said.
Deutsche Bank announced it will not do business with the outgoing President anymore according to sources, the Trump Organization owes the bank $340 million.