By Francis Ogwo
Germany’s Deutsch Bank has disclosed that it will end all relationships with President Donald Trump over events related to last week’s raiding of the Capitol by Trump’s loyalists.
According to a report by Bloomberg on Tuesday, 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.
Details from the report revealed that Trump’s organizations owe the German lender over $300 million.
In the statement, Signature Bank said: “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.”
Deutsch Bank announced it will not do business with the outgoing President anymore.
Deutsch Bank U.S. Operations Head, Christiana Riley, condemned the attack on the capitol last week saying:
“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.”
Recall that the Capitol building was attacked by Donald Trump supporters leading to the death of 4 people and the arrest of 52 others.
