Deutsche Bank agrees to hand over Trump records to investigators [View all]

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Raw Story‏ @RawStory 36m36 minutes ago
Deutsche Bank agrees to hand over Trump records to investigators — and they may contain Russia probe info http://ow.ly/iD8q30dN565

Deutsche Bank has agreed to hand over records of its financial dealings with President Donald Trump after months of stalling and insistence that the records are confidential and privileged information.

Vanity Fair‘s Bess Levin wrote on Thursday that the German company was one of the last banks on Wall Street willing to do business with Trump after his long line of bankruptcies and unpaid debts.

Deutsche Bank loaned Trump hundreds of millions of dollars when no one else would. Now banking regulators are questioning why the banking giant would take on that kind of risk and taking a closer look at the relationship between Trump and Deutsche Bank — which, like the president, has significant ties to the Russian oligarchy.

The New York Times reported that investigators are “reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit . . . to [see] if the loans might expose the bank to heightened risk.”

Deutsche Bank executives, The Guardian said, are bracing for subpoenas from former FBI Director Robert Mueller’s investigation into Trump, which is reportedly expanding to include Trump’s ties to Russian money laundering and organized crime.


read more: http://www.rawstory.com/2017/07/deutsche-bank-agrees-to-hand-over-trump-records-to-investigators-and-they-may-contain-russia-probe-info/

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