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2 of Trump's biggest banking partners are severing ties with the president in the wake of the Capitol siege

Added 01-12-21 01:14:03am EST - “Deutsche Bank and Signature Bank have decided to cut ties with President Donald Trump after his supporters stormed the Capitol.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “2 of Trump's biggest banking partners are severing ties with the president in the wake of the Capitol siege”. Below is an excerpt from the article.

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.

Read more: We analyzed 23 memos from CEOs responding to the US Capitol riot. The most effective messages get personal.

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