Quantcast
Connect with us

Deutsche Bank agrees to hand over Trump records to investigators — and they may contain Russia probe info

Published

on

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.

ADVERTISEMENT

Over the last 20 years, Levin said, the German bank has loaned Trump more than a billion dollars, in spite of the fact that he sued the company when he fell behind on payments on a $630 million loan to build the Trump International Hotel & Tower in Chicago.

Trump wound up taking out another Deutsche Bank loan from the wealth management division to pay off the earlier loan after he first sued the bank for its role in the U.S. financial crisis and getting counter-sued in return.

Trump’s daughter Ivanka and son-in-law Jared Kushner are also Deutsche Bank lending clients, as well as members of Kushner’s family.

ADVERTISEMENT

Investigators are also looking into Deutsche Bank’s relationship with Russian state-owned bank Vnesheconombank, whose chief executive Kushner met with and forgot to mention on his security clearance application.

In response to inquiries by Congressional Democrats, initially Deutsche Bank balked, citing privacy laws. However, on Wednesday the company agreed to comply with investigators.


Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump calls four Dem lawmakers ‘very racist troublemakers’ in latest angry Twitter tirade

Published

on

President Donald Trump on Monday once again launched an attack on Reps. Ilhan Omar (D-MN), Rashida Tlaib (D-MI), Ayanna Pressley (D-MA) and Alexandria Ocasio-Cortez (D-NY) in an angry Twitter tirade.

"The 'Squad' is a very Racist group of troublemakers who are young, inexperienced, and not very smart," the president wrote. "They are pulling the once great Democrat Party far left, and were against humanitarian aid at the Border...And are now against ICE and Homeland Security. So bad for our Country!"

The “Squad” is a very Racist group of troublemakers who are young, inexperienced, and not very smart. They are pulling the once great Democrat Party far left, and were against humanitarian aid at the Border...And are now against ICE and Homeland Security. So bad for our Country!

Continue Reading

Breaking Banner

Vogue editor Anna Wintour refuses to talk about Melania Trump so she can lavish praise on Michelle Obama

Published

on

Vogue editor and fashion doyenne Anna Wintour had little good to say about current First Lady Melania Trump in an interview with the Economist, choosing instead to lavish praise on Michelle Obama as the "best ambassador this country could possibly have."

In the interview, which can be heard below, Anna McElvoy wanted to talk about Melania but Wintour seemed to have no interest in the former fashion model from Slovenia who is currently the third wife of Donald Trump.

“[Melania] I think, very consciously, wanted to see herself as an ambassador for British fashion, in this case, or a transatlantic ambassador,” McElvoy asked, pointing to the first lady's recent trip to the U.K. “I mean, do you value that?”

Continue Reading
 

Breaking Banner

‘Offered up for abuse’: Jeffrey Epstein and Charlie Rose conferred about new assistants the PBS host could sexually harass

Published

on

Disgraced former PBS host Charlie Rose and accused billionaire pedophile Jeffrey Epstein allegedly had conversations about women whom Rose should hire and whom he would then go on to sexually harass.

New York Magazine reporter Irin Carmon has a bombshell story about Epstein's call logs that show his regular interactions with multiple powerful men during a time when prosecutors say he was running a sex trafficking ring for underage girls.

Of particular interest are his calls with Rose, who was fired by PBS in 2017 after multiple women came forward to accuse him of being a serial sexual harasser.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

Join Me. Try Raw Story Investigates for $1. Invest in Journalism. Escape Ads.
close-image