Trump’s Wealth, Once Spurned by Banks, Gets New Home at Citi (3)

After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup Inc.

The president’s son, Eric Trump, signed up as a client of the third-largest US lender and established a trust there that holds some of his father’s money, according to people with direct knowledge of the matter, who asked not to be named discussing the confidential arrangements.

Eric Trump

Photographer: Kena Betancur/Bloomberg

The relationship started after Chief Executive Officer Jane Fraser reached out to congratulate President Trump on his election win in November. The trust is a sensitive topic inside the bank, which ...