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Deutsche Bank Refuses to Give US Senators Information on Recent Donald Trump Dealings

Reuters

Last Updated: April 25, 2020, 22:01 IST

Frankfurt

Representative image of  Deutsche Bank

Representative image of Deutsche Bank

The bank is one of the largest creditors for Trump's hotels, golf courses and other properties, according to filings.

Deutsche Bank has declined a request by prominent U.S. senators to provide information about the German lender's recent business dealings with President Donald Trump and his family, according to a letter this week seen by Reuters.

Four Democratic senators, led by Elizabeth Warren, earlier this month demanded details from Deutsche's chief executive, Christian Sewing, about the bank's interaction this year with Trump and his family's companies.

The bank is one of the largest creditors for Trump's hotels, golf courses and other properties, according to filings. The senators are concerned that the bank may be giving the family preferential treatment on loan repayments in the wake of the coronavirus outbreak as Deutsche itself remains under investigation by the U.S. Department of Justice.

Deutsche's counsel, in the letter dated April 21, rejected the senators' request on privacy grounds.

"We hope that you will understand Deutsche Bank's need to respect the legal, as well as contractual, boundaries that exist with respect to such confidential information," the bank's law firm, Akin Gump, wrote.

first published:April 25, 2020, 22:01 IST
last updated:April 25, 2020, 22:01 IST