Deutsche Bank has decided not to do business with the outgoing US President Donald Trump and his companies that are important clients, after the recent incursion of Trump supporters into the US Congress, the New York Times reported today.
Photo: EPA-EFE / Erin SchaffHowever, the bank should not completely sever ties with Trump, because he owes that institution more than 300 million dollars.
Deutsche Bank is one of many companies that have decided not to have any more financial ties with Trump, when many accuse him of inciting his supporters to invade Congress on January 6.
The head of the bank’s branch in the USA, Christiana Riley, strongly condemned the incident on Capitol Hill.
Deutsche Bank has a “complicated story” with Trump. It is one of the few large Western banks that continued to lend money to Trump after several bankruptcies of its casinos in the 1990s, the American paper added.
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