Deutsche Bank and Signature Bank will cut ties with President Donald Trump in the wake of his supporters storming the Capitol. The banks are among a number of companies — including Marriott, Blue Cross, and Shopify — that are cutting ties to the president in the wake of the Capitol riot.
President Trump vs the world
Two Trump-favored banks are severing ties with the president after his supporters stormed the Capitol on January 6, Bloomberg reported Monday.
Deutsche Bank will no longer do business with Trump and his company, a person familiar with the matter told Bloomberg. Signature Bank also ceased doing business with Trump and called for his resignation, according to a statement to Bloomberg.
“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 in the statement, citing the Bloomberg report.
“We have never before commented on any political matter and hope to never do so again,” Signature continued.
“Over the years the bank has become the biggest lender to the Trump Organization, the umbrella company for Trump’s hotels, golf resorts, and other businesses,” Business Insider’s Tom Porter reported.
The establishment tries to cancel the MAGA movement
Trump owes Deutsche Bank more than $300 million, and Signature Bank is closing two personal accounts holding about $5.3 million, according to the Bloomberg report.
The New York-based lender has also done business with others tied to Trump, including daughter Ivanka Trump, son-in-law Jared Kushner, and former Trump lawyer and fixer Michael Cohen.
The banks are joining a slew of companies – including Marriott, Blue Cross, and Shopify – that are nixing ties to the president in the wake of the Capitol siege, which left five people dead.
The House of Representatives just voted to impeach the President for the second time, claiming that he incited an insurrection after giving a speech to supporters at the Capitol. The vote wont make it to the Senate until after he’s out of office.
This is just a continuation of the deranged witch hunt lead by Nancy Pelosi that has been underway since the moment Donald Trump announced he was running for President. He took a shot at the establishment, and now he’s being punished for it.
