Deutsche Bank is to sever ties Donald and the organization but owes ...

Deutsche Bank AG is to sever all ties with President and the organization according to a source with knowledge of the sudden business decision.

But the bank will still be forced to deal with the family and their employee for some time to come with outstanding loans of more than $300 million yet to be repaid.  

The decision by the German bank follows a glut of social media companies and other firms who are suspending links with the president following last week's rally to the Capitol which left five people dead in the mayhem and aftermath. 

Two of the banks Donald Trump does business with are pulling away from him. Trump is pictured last week at the 'Save America' rally

Two of the banks Donald does business with are pulling away from him. is pictured last week at the 'Save America' rally

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Deutsche Bank AG will not do any further business with Trump or his company, although Trump still owes the German lender more than $300 million in loans. Pictured the headquarters of Deutsche Bank in Frankfurt, Germany

Deutsche Bank AG will not do any further business with or his company, although still owes the German lender more than $300 million in loans. Pictured the headquarters of Deutsche Bank in Frankfurt, Germany

In November, Deutsche Bank said that 's longtime banker had resigned. 

Rosemary Vrablic, an employee in the private banking division, oversaw the approval of hundreds of millions of dollars in loans to 's company over several years. 

The relationship meant the bank came under pressure from lawmakers and prosecutors looking for information during 's presidency. 

As of November, Deutsche Bank had about $340 million in loans outstanding to the Organization, currently overseen by his two eldest sons according to Bloomberg.   

The money comprises of three loans which are against properties and start coming due in two years. The loans are current on payments and personally guaranteed by the president, according to two bank officials.

In November, Deutsche Bank said that Trump's longtime banker had resigned. Rosemary Vrablic, an employee in the private banking division, oversaw the approval of hundreds of millions of dollars in loans to Trump's company over several years. Vrablic is pictured with the president's son-in-law Jared Kushner

In November, Deutsche Bank said that 's longtime banker had resigned. Rosemary Vrablic, an employee in the private banking division, oversaw the approval of hundreds of millions of dollars in loans to 's company over several years. Vrablic is pictured with the president's son-in-law Jared Kushner

The loans, which are against 's golf course in Miami, and hotels in Washington and Chicago, are such that the Organization has only had to pay interest on them so far, and the entire principal is outstanding. They come due in 2023 and 2024, the filings show. 

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Both Deutsche Bank, top, and Signature Bank are severing ties with President Trump and the Trump Organization

Both Deutsche Bank, top, and Signature Bank are severing ties with President and the Organization

But the businesses backing the loans are currently facing challenges. 

The coronavirus-driven economic slowdown has hit the travel industry, including hotels. 

In October, 's plan to make money by developing houses and hotels on his golf courses, including one involving the Deutsche Bank loan, has not panned out so far.

Deutsche Bank executives are said to not be unduly concerned about 's ability to repay the loans, given the president's personal guarantees and the time left before they come due.

Nevertheless, in meetings in recent months, a Deutsche Bank management committee that oversees reputational and other risks for the lender in the Americas region has discussed ways in which it could rid the bank the relationship.

Over the years, the bank has lent more than $2 billion.

Various ideas have been put forward to speed up the cutting of ties with one being

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