The Deutsche Bank loan officer, who provided Trump with $ 300 million, abruptly resigns
Donald Trump and Jared Kushner’s longtime banker at Deutsche Bank, Rosemary Vrablic, has resigned and will be leaving the bank next week.
Ms. Vrablic is responsible for arranging hundreds of millions of dollars worth of loans that Deutsche Bank has provided to Mr. Trump over the years.
It wasn’t immediately clear what made her leave the bank.
The Manhattan Public Prosecutor’s Office is currently investigating Deutsche Bank to determine whether Trump has committed financial crimes or not.
Ms. Vrablic was a managing director and senior banker in wealth management.
The managing director, who has been with the company since 2006, announced her resignation in a statement.
“I have made the decision to resign from my position at the bank on December 31st and I look forward to my retirement,” Ms. Vrablic, 60, said in a statement Tuesday.
A Deutsche Bank spokesman, Daniel Hunter, confirmed that the company had received the resignation of Ms. Vrablic.
“Rosemary Vrablic and Dominic Scalzi have submitted their resignations with effect from the end of the year at Deutsche Bank, which were accepted by the bank,” said the spokesman.
Apart from her retirement, Ms. Vrablic did not give a reason for her departure.
The New York Times reported that in 2013 the bank opened an internal investigation into a transaction it closed with Mr. Kushner involving real estate.
Dominic Scalzi, a colleague of Ms. Vrbalic, who was also involved in this transaction, also announced his resignation.
Mr. Scalzi and Ms. Vrabalic joined the bank at around the same time.
Ms. Vrablic accepted Mr. Trump as a customer in 2011 and managed to get a 300 million loan building that was converted into a luxury motel.
Trump currently owes the bank around $ 330 million. These loans are due in 2023 and 2024.
The president has given a personal guarantee on the repayment of the loans, which means the bank could pursue his assets if he does not repay them.
In November, however, Reuters reported that the German wanted to somehow settle the loans to end her relationship with the Trumps, apparently to end the negative publicity that came with her family ties.