Why Trump Wants to Block Deutsche Bank From Sharing His Financial Records
Over two decades, Deutsche Bank lent Donald J. Trump billions of dollars, even as his tarnished financial record put him off limits for most of Wall Street.
“You are a great friend,” Mr. Trump wrote to his Deutsche Bank contact in 1998. “We have a great relationship,” he said in 2013. “They are totally happy with me,” he declared three years later.
Now, Deutsche Bank is putting the president on the defensive.
Lawyers for the bank have spent months cooperating with investigators from two Democratic-controlled congressional committees, which issued what one lawmaker called a “friendly subpoena” to the bank in mid-April. The bank could end up sharing decades of his personal and corporate financial records.
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Bank officials have told The Times that they were eager to provide the materials to Congress. In part, they said additional transparency might help squelch speculation that Deutsche Bank had served as a conduit for Russian money to get to Mr. Trump.
Despite that willingness to cooperate the bank appeared ready to leave the legal battle to House Democrats and let the courts decide what it must do.
“We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” a Deutsche Bank spokeswoman, Kerrie McHugh, said in a statement.
https://www.msn.com/en-us/news/politics/why-trump-wants-to-block-deutsche-bank-from-sharing-his-financial-records/ar-AAAKju4?li=BBnbcA1
