Report: Deutsche Bank Just Agreed To Hand Over Trump Records To Investigators
Just months after Deutsche Bank stalled and insisted that records of its financial dealings with President Donald Trump were confidential and privileged information they have agreed to hand over the info, which could Russia probe information.
According to a Vanity Fair report, Deutsche Bank was one of the last banks on Wall Street that were still willing to do business dealings with Trump after his long line of bankruptcies and unpaid debts.
The concern at the moment was, why would Deutsche Bank take on that kind of risk? The answer seems simple, as they both have significant ties to the Russia government.
According to The New York Times, 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.”
The Guardian reported that the bank’s executives are getting ready for subpoenas from Robert Mueller’s investigation into Trump.
Earlier today, a source close to Mueller said that the Russia probe is expanding into Trump’s ties to Russian money laundering and organized crime.
According to the Vanity Fair report, Trump received more than a billion dollars in loans from the bank. What’s odd is that Trump had sued the company when he fell behind on payments on a $630 million loan to build the Trump International Hotel & Tower in Chicago.
Trump is also not the only one in his family to do dealings with the German bank, both his daughter Ivanka Trump and her husband Jared Kushner are also Deutsche Bank lending clients.
According to the report, investigators are also looking into Deutsche Bank’s relationship with Russian state-owned bank Vnesheconombank.