Trump's longtime Deutsche Bank private banker and her close colleague abruptly resign

Trump and Jared Kushner
(Image credit: Andrew Caballero-Reynolds/AFP via Getty Images)

Rosemary Vrablic, a managing director and senior banker in Deutsche Bank's wealth management division, has resigned, effective Dec. 31, Vrablic and Deutsche Bank said Tuesday. Vrablic became President Trump's private banker at the German lender in 2011, at a time when Trump was having difficulties borrowing money due to his history of defaulting on loans. Trump's son-in-law and senior adviser Jared Kushner, already a client of Vrablic's, introduced her to Trump.

"The reasons for Ms. Vrablic's abrupt resignation were not clear," The New York Times reports. But Deutsche Bank in August opened an internal investigation into a real estate deal in which Vrablic and a longtime colleague at the bank, Dominic Scalzi, invested in an apartment building partly owned by Kushner. Scalzi is also resigning at the end of the year.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.