• Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.

Big German Bank, Key to Trump’s Finances, Faces New Scrutiny

Shard

XBLAnnoyance
https://www.nytimes.com/2017/07/19/...umps-finances-faces-new-scrutiny.html?mcubz=1

During the presidential campaign, Donald J. Trump pointed to his relationship with Deutsche Bank to counter reports that big banks were skeptical of doing business with him.

After a string of bankruptcies in his casino and hotel businesses in the 1990s, Mr. Trump became somewhat of an outsider on Wall Street, leaving the giant German bank among the few major financial institutions willing to lend him money.

Now that two-decades-long relationship is coming under scrutiny.

Banking regulators are reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit, which caters to an ultrarich clientele, according to three people briefed on the review who were not authorized to speak publicly. The regulators want to know if the loans might expose the bank to heightened risks.

Separately, Deutsche Bank has been in contact with federal investigators about the Trump accounts, according to two people briefed on the matter. And the bank is expecting to eventually have to provide information to Robert S. Mueller III, the special counsel overseeing the federal investigation into the Trump campaign’s ties to Russia.

It was not clear what information the bank might ultimately provide. Generally, the bank is seen as central to understanding Mr. Trump’s finances since it is the only major financial institution that continues to conduct sizable business with him. Deutsche Bank has also lent money to Jared Kushner, the president’s son-in-law and senior adviser, and to his family real estate business.
 
Now we see why Trump made that foreboding comment about firing Mueller if the investigation delved into his finances.

He knew this story would be coming.
 
Robert Mueller:

sIMuB.gif
 

UberTag

Member
Now we see why Trump made that foreboding comment on about firing Mueller if the investigation delved into his finances.

He knew this story would be coming.
I'm curious to see what the reaction from Americans will be if Trump pulls the trigger on canning Mueller due to poking around his books.
 

cameron

Member
“the bank is expecting to eventually have to provide information to Robert S. Mueller III, the special counsel”

— Bradd Jaffy‏ (@BraddJaffy) July 19, 2017

Banking regulators are reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit, which caters to an ultrarich clientele, according to three people briefed on the review who were not authorized to speak publicly. The regulators want to know if the loans might expose the bank to heightened risks.

Separately, Deutsche Bank has been in contact with federal investigators about the Trump accounts, according to two people briefed on the matter. And the bank is expecting to eventually have to provide information to Robert S. Mueller III, the special counsel overseeing the federal investigation into the Trump campaign’s ties to Russia.

It was not clear what information the bank might ultimately provide. Generally, the bank is seen as central to understanding Mr. Trump’s finances since it is the only major financial institution that continues to conduct sizable business with him. Deutsche Bank has also lent money to Jared Kushner, the president’s son-in-law and senior adviser, and to his family real estate business.

Tee-Hee.
 
Mueller is going to need the longest vacation ever after he's done with this shit.

At the same time how I imagine it's pretty rare and on some level fulfilling to take on this massive, historical case that uses like every skill and trick in the book that Mueller has ever known. And not only is he now using all the moves he learned but he's also bringing in like every sidekick imaginable for this insane tornado combo.

Lordy I hope it has the payoff it's building to.
 
Cross post from other Trump thread today...




Ah yes, Deutsche Bank.

Russia connections you say...?

Another piece of the jigsaw falls into place.

If only someone with immense political influence and power would remove those Magnitsky Act sanctions to make international money laundering easier. Do we know anyone that could help with this?

Deutsche Bank fined $630m over Russia money laundering claims
Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country

Source: https://www.theguardian.com/business/2017/jan/31/deutsche-bank-fined-630m-over-russia-money-laundering-claims
 
I bet that Merkel would love to have Trump go down, so hopefully she and the rest of the German government will put pressure on Deutsche Bank if they waffle on providing the requested info.
 
Its so much shit to keep up with. I'm just glad i got out of school before Trump gets his own unit in american history textbooks because i don't know if i could have kept up
 
Top Bottom