Outgoing US President Donald Trump (PHOTO: FILE)Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ deadly January 6 assault on the U.S. Capitol, the New York Times reported. Deutsche Bank is Trump’s most important lender, with about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons. A spokesman for Deutsche Bank declined to comment on Tuesday. The Trump Organization did not immediately respond to an email seeking comment outside normal business hours, and the White House press office did not answer the phone. Reuters reported in November that Deutsche was looking for ways to end its relationship with Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties.

Source: Standard Digital January 12, 2021 07:30 UTC