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Deutsche Bank severs ties with Donald Trump on Washington riots

The President is said to owe the German lender more than $300m

By

Emily Nicolle

Deutsche Bank has cut ties with US President Donald Trump following the 6 January siege of the US Capitol by supporters of the president
Deutsche Bank has cut ties with US President Donald Trump following the 6 January siege of the US Capitol by supporters of the president Photo: Getty Images

Two Wall Street banks are cutting loose from the US President after Donald Trump incited violence against the US Capitol earlier this month.

Deutsche Bank has opted to halt any future business with Trump, a person familiar with the matter told Bloomberg. The President still owes the German lender more than $300m, after his longtime personal banker resigned from the bank in December.

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