Two Deutsche Bank employees responsible for lending to President Donald Trump and his son-in-law, Jared Kushner, have resigned.
“Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank,” Deutsche Bank AG
DB,
-0.28%
said in a statement Tuesday.
The New York Times first reported the departures.
Vrablic has been a longtime managing director and senior banker in Deutsche Bank’s wealth management division, and helped manage hundreds of millions of dollars lent to Trump over the years, the Times reported.
Scalzi reportedly worked closely with her, and the two continued the bank’s private relationship with Trump after the commercial side stopped doing business with him, accusing Trump of being a habitual deadbeat.
Through Vrablic, Deutsche Bank has lent the Trump Organization more than $300 million, according to the Times.
In August, the Times reported Deutsche Bank was reviewing a 2013 real-estate deal involving Vrablic and Scalzi and a company partly owned by Kushner.
The Trump Organization is under parallel fraud investigations by the New York Attorney General and the Manhattan district attorney’s office, which have both subpoenaed Deutsche Bank for records.
