What do we know about Deutsche Bank Donald Trump investigation?


Why did the Deutsche Bank investigated Trump’s personal account? The new US president owes money to the German bank? Read it all in these highlights of the Deutsche Bank Donald Trump investigation.

February 17, AtoZForex President Trump and his immediate family are under pressure, as the German lender has performed a close internal examination of Trump’s accounts. Deutsche Bank’s investigation was aimed at looking for any suspicious connections between US President and Russia.

Moreover, the international banking giant itself is also under scrutiny. Not only was the bank alleged with misconduct, Deutsche Bank has also loaned millions of dollars to Trump.

Outcome of the Deutsche Bank Donald Trump investigation

As per paper reports, the bank is mainly searching for evidence that loans it made to Trump were underpinned by financial guarantees from Moscow. The bank review found no evidence of any suspicious dealing according to the sources. It is said that the furor over Michael Flynn’s departure and the ongoing controversy over alleged Russian hacking led to this investigation.

The bank has also examined the accounts held by the president’s closest relatives. According to the online sources, Trump’s daughter Ivanka and son-in-law Jared Kushner are also clients of Deutsche Bank, as is Kushner’s mother Seryl Stadtmauer.

Deutsche Bank hit with a series of fines and allegations

Democratic congressman and a member of the House Ways and Means committee, Bill Pascrell, stated that Deutsche Bank is a major lender to Donald Trump. Also, Deutsche Bank is undergoing scrutiny for alleged misconduct by the Department of Justice. He added:

“I think it is important for the Americans to know the extent of the bank’s involvement with the President. And whether there is any Russian involvement in loans made to Mr. Trump.”

In recent years, Germany’s largest lender received a series of fines and allegations. Dating back to the financial crisis.  Earlier this year, the bank received a fine for alleged money-laundering crimes in Russia. Moreover, the bank received two major fines in the US and the UK. Just weeks earlier the financial institution agreed to pay $7.2bn in the US. A hefty fine for Deutsche Bank’s illegal conduct and irresponsible lending practices before the financial crisis.

What did Deutsche Bank say about the internal examination?

According to the paper, the German lender said it would not be drawn on what had prompted the internal examination, who had undertaken it or what its findings had been. The bank would not say anything about whether the Deutsche Bank Donald Trump investigation had found any links between Trump’s loans and Russia. However, from the other sources, it is said that it found no evidence to show the loans had been underwritten by money from Moscow or any Russian bank.

Deutsche said its position is that it will not comment or guide on any stories about Mr. Trump’s financial affairs.

How much does Trump owe to Deutsche Bank?

Trump and his businesses have a long history with Deutsche Bank, which this month posted its latest net loss of €1.4bn.  It has reportedly been the only financial institution willing to lend Trump significant sums of money.  The German bank stepped in when other Wall Street banks stopped lending to him after his fourth bankruptcy filing.  According to the sources, it has granted four loans worth around $300 million in total, secured against Trump properties in Washington, Chicago, and Miami.  However, Deutsche’s private bank now manages the relationship. After the commercial banking division also had a bust-up with him in 2009.

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