Congressional Investigators Subpoena Deutsche Bank and Other Lenders

Category: Business,Finance Congressional investigators on Monday issued subpoenas to Deutsche Bank and numerous other banks, seeking inf...

Category: Business,Finance

Congressional investigators on Monday issued subpoenas to Deutsche Bank and numerous other banks, seeking information about President Trump’s finances and the lenders’ business dealings with Russians, according to several people with knowledge of the investigation.

The subpoenas, from the House’s Intelligence and Financial Services committees, were the latest attempts by congressional Democrats to collect information about the finances of Mr. Trump and his family-owned company. Another House committee is separately seeking Mr. Trump’s personal and corporate tax returns.

The committees that issued subpoenas on Monday are jointly investigating Deutsche Bank’s relationship with Mr. Trump. Over the past two decades, Deutsche Bank was the only mainstream bank consistently willing to do business with Mr. Trump, who has a long history of defaults and bankruptcies. The bank has lent him well over $2 billion, and Mr. Trump had more than $300 million in outstanding loans from Deutsche Bank by the time he took office, making the German bank the president’s biggest creditor.

Kerrie McHugh, a Deutsche Bank spokeswoman, said the company was “engaged in a productive dialogue” with the committees. “We remain committed to providing appropriate information to all authorized investigations in a manner consistent with our legal obligations,” she said.

At multiple other banks — including Citigroup, JPMorgan Chase and Bank of America — also received subpoenas on Monday, according to two people with knowledge of the subpoenas. They spoke on the condition of anonymity to discuss an open investigation.

The subpoenas seek records related to business the banks did with a list of suspected money launderers from Russia and other Eastern European countries, according to a person familiar with the subpoenas.

The subpoena to Deutsche Bank had been in the works for months, with congressional investigators negotiating the specific demands with the bank’s lawyers. Deutsche Bank had pushed for the subpoena’s scope to be narrowed, arguing that doing so would make it easier and faster for the bank to produce the documents, three of the people said.

The White House did not immediately respond to a request for comment Monday evening. The Trump Organization, the holding company that oversees Mr. Trump’s business ventures, also did not immediately respond to a request for comment.


Source link

COMMENTS

Name

Africa,704,Americas,3729,Art & Culture,13898,Arts,6246,Arts & Design,1483,Asia,3055,Automobile,399,Baseball,485,Basketball,378,Books,3650,Business,5072,Celebrity,2536,Cricket,540,Crime,95,Cryptocurrency,1289,Dance,568,Defense,749,Diplomatic Relations,2416,Economy,974,Editorial,260,Education,1078,Elections,287,Energy & Environment,2929,Entertainment,21677,Environment,3400,Europe,3973,Faith & Religion,185,Family & Life,721,Fashion & Style,3007,Finance,18394,Food & Drink,3507,Football,999,Games,60,Gossip,10170,Health & Fitness,3825,Health Care,779,Hockey,165,Home & Garden,827,Humour,855,Latin America,49,Lifestyle,15739,Media,440,Middle East,1369,Movies,1559,Music,2424,Opinion,2560,Other,10737,Other Sports,4803,Political News,11074,Political Protests,2213,Politics,16940,Real Estate,1646,Relationship,59,Retail,3020,Science,2381,Science & Tech,9256,Soccer,139,Space & Cosmos,255,Sports,10958,Technology,3220,Tennis,489,Theater,1517,Transportation,238,Travel,2411,TV,3451,US Sports,1361,Video News,3531,War & Conflict,952,Weird News,932,World,15065,
ltr
item
Newsrust: Congressional Investigators Subpoena Deutsche Bank and Other Lenders
Congressional Investigators Subpoena Deutsche Bank and Other Lenders
https://static01.nyt.com/images/2019/04/15/business/15banks1/merlin_137352126_ef6279af-84ee-44f8-bd29-a16b182274ac-facebookJumbo.jpg
Newsrust
https://www.newsrust.com/2019/04/congressional-investigators-subpoena.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2019/04/congressional-investigators-subpoena.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content