Trump's longtime Deutsche Bank private banker and her close colleague abruptly resign
Rosemary Vrablic, managing director and senior banker in the asset management department of Deutsche Bank, has resigned with effect from December 31, Vrablic and Deutsche Bank announced on Tuesday. Vrablic became President Trump's private banker with the German lender in 2011, at a time when Trump was struggling to borrow money due to his history of credit default. Trump's son-in-law and senior advisor Jared Kushner, already a Vrablic customer, introduced them to Trump.
"The reasons for Ms. Vrablic's sudden resignation were not clear," reports the New York Times. Deutsche Bank launched an internal investigation into a real estate deal in August, in which Vrablic and a long-time colleague of the bank, Dominic Scalzi, invested in an apartment building, part owned by Kushner. Scalzi is also stepping down at the end of the year.
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The status of the internal review is unclear, reports the Times. However, Trump's relationship with Deutsche Bank is the subject of investigations in Congressional, civil and criminal proceedings, including a criminal investigation by the Manhattan District Attorney. Vrablic is not yet one of the few Deutsche Bank employees questioned by New York investigators, but her lawyer told CNN, "Ms. Vrablic is required to work with the authorities if requested."
According to Reuters, Deutsche Bank has been looking into how to end its in-depth relationship with Trump. But for Trump, his "key contacts with his largest financier come at a dangerous time for the outgoing president," the Times reports. "He owes Deutsche Bank about $ 330 million, and the loans mature in 2023 and 2024. Mr Trump has given a personal guarantee on the loans, which means the bank can keep track of his personal wealth if he does not repay. "
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