President Donald Trump’s biggest lender, Deutsche Bank, will not do business in the future with Trump or his companies in the wake of the violent assault on the U.S. Capitol he incited, The New York Times reports.
Deutsche Bank, which holds about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, is the latest large company to announce it would no longer do business with the disgraced president for inciting an insurrection at the U.S. Capitol last week.
The report from the New York Times comes as Signature Bank – where Trump’s ethics disclosures show he has checking and money-market accounts – called for him to step down.
“The resignation of the president … is in the best interests of our nation and the American people,” Signature Bank said on its website.
Christiana Riley, the head of Deutsche Bank’s U.S. operations, condemned the Jan. 6 violence in Washington in a post on LinkedIn last week.
“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 wrote.
A spokesman for Deutsche Bank declined to comment on Tuesday on the NYT report.
The Trump Organization did not immediately respond to a request for comment and the White House press office did not answer the phone.