NEW: Banks are moving away from Trump & his company.

@DeutscheBank won't work with him in the future, source says.

• Signature Bank, which long had close ties with Trump and Kushner, is closing his accounts. with @EricLiptonNYT @SteveEder @maggieNYT…
Deutsche execs have concluded that, short of canceling Trump’s $300M+ of debts, there is nothing they can do to extricate themselves quickly.

Signature Bank, where @IvankaTrump used to sit on the board, is calling for Trump's resignation as president. Image
I asked other banks where Trump has checking/savings or brokerage accounts – including @jpmorgan and @CapitalOne – what they were doing about their Trump relationships.

They declined to comment. Image

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More from @davidenrich

8 Jan
Breaking: Justice Dept is about to penalize @DeutscheBank for violating anti-bribery laws as it tried to win business in places like China. The bank is expected to pay more than $100 million in penalties.…
The charges involve Deutsche's efforts to win business in China (and possibly other countries), where the bank for years doled out lavish gifts and huge amounts of money to Chinese insiders.

Deutsche and DOJ are expected to enter into a so-called deferred prosecution agreement.
It is very noteworthy that this settlement is coming in the dying days of @realDonaldTrump's presidency.

He owes the bank more than $300M, which he personally guaranteed and is coming due soon. There is no avoiding the appearance of a conflict of interest here.
Read 7 tweets
22 Dec 20
BREAKING: Rosemary Vrablic, the longtime @DeutscheBank official who oversaw the @realDonaldTrump relationship, has abruptly handed in her resignation from the bank, I'm told. She's leaving effective 12/31.…
The exact reasons for Vrablic's departure – as well as the resignation of her longtime associate, Dominic Scalzi – aren't clear.

She doesn't have a new job lined up. She says she is leaving voluntarily and is looking forward to retirement.
Vrablic has been under intense scrutiny because of her role facilitating huge loans to Trump and Kushners.

Deutsche has been conducting a months-long internal review of a 2013 real estate deal involving her and a company part-owned by Jared Kushner.
Read 6 tweets
13 Nov 20
Here is @PorterWright resigning from the Trump case.
And here's our story on this –>
The law firm leading the Trump campaign’s efforts to cast doubt on the presidential election results in Pennsylvania has abruptly withdrawn from a suit it filed just days earlier.…
Read 5 tweets
9 Nov 20
NEW: The Trump campaign is gearing up for a legal blitz to challenge the 2020 election results.

Some lawyers at firms representing the campaign worry about violating the rule of law and eroding democracy. with @jbsgreenberg @RachelAbramsNY…
One of the firms, Jones Day, is among the country's biggest.

Partners there have been grumbling about the close relationship with the Trump admin, where many partners have taken senior roles (incl Don McGahn).

Jones Day has earned $20M working for Trump and GOP in recent years. Image
In the hour since this article was published, the Trump campaign has filed a new federal lawsuit in Pennsylvania alleging voter fraud.

It was filed by Porter Wright, one of the firms where some lawyers are voicing ethical concerns about working for Trump.…
Read 4 tweets
3 Nov 20
Good morning from Milkshake, who is blissfully unaware that today is Election Day. Image
Good afternoon from Milkshake, who is taking a power nap with her favorite monkey. Image
Milkshake and I have different ways of dealing with stress. ImageImage
Read 5 tweets
30 Oct 20
Three days after our story on @realDonaldTrump, @DeutscheBank and Chicago runs, I get a FOIA response with 2,000+ pages of documents. A fun Friday afternoon and evening awaits....
No surprise here, but interesting to see up-close how for every condo unit that @realDonaldTrump sold, money went straight to @DeutscheBank to repay Trump's defaulted loan.

Here's one example of an all-cash purchase in April 2012.
So many anonymous shell companies buying units. Here's just one.
Read 7 tweets

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