Deutsche Bank agrees to hand over Trump records to investigators — and they may contain Russia probe info
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 expandingto include Trump’s ties to Russian money laundering and organized crime.
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