Deutsche Bank says Trump's private bankers have resigned

Deutsche Bank employees in charge of lending to President TrumpDonald TrumpBiden to sign executive order aimed at increasing voting access Albany Times Union editorial board calls for Cuomo's resignation Advocates warn restrictive voting bills could end Georgia's record turnout MORE and his son-in-law Jared KushnerJared Corey KushnerBiden to speak with Saudi king 'soon' as pressure builds for Khashoggi report Biden to speak with Saudi king ahead of Khashoggi report: report Former Trump officials eye bids for political office 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.


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 TrumpTrump Jr. was deposed in inauguration funds probe Former Trump officials eye bids for political office The Hill's Morning Report - Disaster politics hobble Cruz, Cuomo 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.