Thursday, December 24, 2020

Trump's loan-enabler at Deutsche has suddenly resigned

Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently handed in her resignation, which the bank accepted, according to a bank spokesman, Daniel Hunter.

“I’ve chosen to resign my position with the bank effective Dec. 31 and am looking forward to my retirement,” Ms. Vrablic, 60, said in a statement on Tuesday.

The reasons for Ms. Vrablic’s abrupt resignation were not clear.

  NYT
Well, we could speculate. Perhaps she's getting ready for depositions and testimony once Trump is a civilian again, and perhaps the bank doesn't want the extra scrutiny.
The relationship between Mr. Trump and the German bank is the subject of congressional, civil and criminal investigations. The Manhattan district attorney, Cyrus R. Vance Jr., has been investigating whether Mr. Trump committed financial crimes as he sought to get loans from Deutsche Bank.

[...]

Deutsche Bank in August opened an internal review into a 2013 real estate transaction between Ms. Vrablic and a company owned in part by Jared Kushner. [...] Dominic Scalzi, a longtime colleague of Ms. Vrablic’s who played a role in that transaction, will also leave the bank.
So, probably not Rosemary's decision to go.
Mr. Trump’s key contacts at his biggest financial backer are leaving at a perilous time for the departing president. He owes Deutsche Bank about $330 million, and the loans come due in 2023 and 2024. Mr. Trump provided a personal guarantee to get the loans, meaning that if he fails to pay them back, the bank can pursue his personal assets.
He's bilking the rubes at dizzying rates. They'll be paying his loan obligations. 

 ...but hey, do what you want...you will anyway.

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