Deutsche Bank will no longer do business with President Donald Trump, a move that will cut off his business from a major source of loans that once helped fund his golf courses and hotels.
Germany's biggest bank has decided to refrain from future business with the president and his company, a person familiar with the bank's thinking told CNN Business. The news, first reported by the New York Times, follows last week's deadly riot at the US Capitol.
A spokesperson for Deutsche Bank (DB) declined to comment to CNN Business, citing a prohibition on discussing potential client relationships.
The move is the latest example of corporate backlash against the president after his supporters vandalized the Capitol in a brazen assault that left five people dead.
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