Deutsche Bank says Trump's private bankers have resigned

Deutsche Bank employees in charge of lending to President TrumpDonald TrumpMeghan McCain: Democrats 'should give a little credit' to Trump for COVID-19 vaccine Trump testing czar warns lockdowns may be on table if people don't get vaccinated Overnight Health Care: CDC details Massachusetts outbreak that sparked mask update | White House says national vaccine mandate 'not under consideration at this time' MORE and his son-in-law Jared KushnerJared Corey KushnerBlack community group loses bid to acquire downtown LA Mall despite highest offer Kushner launching investment firm in move away from politics: report Washington Post calls on Democrats to subpoena Kushner, Ivanka Trump, Meadows for testimony on Jan. 6 MORE have resigned, Deutsche Bank announced Tuesday.

Daniel Hunter, a spokesman for the bank, said in a statement that “Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank."

Vrablic and Scalzi joined the bank a decade ago, CNN reports.

ADVERTISEMENT

Vrablic was a trusted contact at the Trump Organization who arranged for millions in loans, according to The New York Times. Deutsche Bank has lended Trump more than $300 million, CNN noted.

In a statement Vrablic said, “I've chosen to resign my position with the bank effective December 31 and am looking forward to my retirement."

In August, the bank announced it would be opening an internal investigation into Vrablic to determine if she had acted improperly when she bought an apartment from Bergel 715 Associates in 2013 for $1.5 million.

This came after a New York Times report revealed Kushner and wife Ivanka TrumpIvanka TrumpKushner launching investment firm in move away from politics: report Washington Post calls on Democrats to subpoena Kushner, Ivanka Trump, Meadows for testimony on Jan. 6 Jill Biden takes starring role at difficult Olympics MORE had received $1 million to $5 million from Bergel 715 in 2019. The two had not previously reported having ownership in the company.

The nature of the relationship between Deutsche Bank and the Trump Organization is the focus of an investigation by New York Attorney General Letitia James and the Manhattan District Attorney's office.

Both offices have subpoenaed the bank regarding its lending relationship with Trump’s company, trying to determine if the Trump Organization misled or defrauded lenders by inflating the value of its assets.