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 resigned from Deutsche Bank with effect from the end of the year, which was accepted by the bank,” Deutsche Bank AG DB,
said in a statement Tuesday.
The New York Times was the first to report the departures.
Vrablic has been a general manager and senior banker in Deutsche Bank’s asset management division for many years, and over the years helped manage hundreds of millions of dollars lent to Trump, 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 and accused Trump of being a simple manslaughter.
Through Vrablic, Deutsche Bank lent the Trump organization more than $ 300 million, according to the Times.
In August, the Times reported that Deutsche Bank was reviewing a 2013 real estate deal with Vrablic and Scalzi and a company partially owned by Kushner.
The Trump Organization parallels fraud investigations by the New York Attorney General and the Manhattan District Attorney’s Office, both of which have sued Deutsche Bank for records.