Deutsche and Signature banks cut ties with Trump in wake of Capitol riot

Two of Donald Trump’s favoured banks are pulling away from the billionaire president in the wake of last week’s deadly riot at the US Capitol.

Deutsche Bank has decided to refrain from further business with Mr Trump and his company, according to insiders. Mr Trump owes the Frankfurt-based lender more than $300m.

Signature Bank, the New York lender that has long catered to his family, said it was closing two personal accounts in which Mr Trump held about $5.3m.

“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,” the bank said.

The lenders are following social media outlets and other companies in suspending ties with Mr Trump after he encouraged attendees at a rally last week to march on the Capitol, where they stormed the building and interrupted the certification

Read More