Deutsche Bank Cuts Ties With Tump, Signature Bank Closes Out Personal Accounts

Deutsche Bank and Signature Bank have joined the fun.

The Frankfurt-based bank has reportedly cut ties with President Donald Trump and will not do any business with him in the future. Deutsche Bank has financed more the $340 million in loans for the Trump Organization according to reports.

NBC News: Deutsche Bank says that they will refrain from any future business with President Trump and his company and Signature Bank says it is closing his two personal accounts and calls for his resignation, @HallieJackson reports.

— Tom Winter (@Tom_Winter) January 12, 2021

Signature Bank has also closed out two of Trump’s personal accounts which held about $5.3 million.

BBG: Signature Bank closing two personal accounts in which Trump held around $5.3 million

— Josh Caplan (@joshdcaplan) January 12, 2021

These moves come after the the Capitol riots on Jan. 6. Deutsche and Signature Banks each join Twitter, Facebook, Comcast, and a slew of other companies who have either banned the president from their platforms or publicly stated they will not do business with him in the future.

Signature Bank went so far to call for Trump’s resignation in a statement.

“We believe the appropriate action would be the resignation of the President of the United States, which is in the best interest of our nation and the American people,” the statement read.

House Democrats introduced an article of impeachment on Monday, charging Trump with “high crimes and misdemeanors.”