Showing posts with label Deutsche Bank. Show all posts
Showing posts with label Deutsche Bank. Show all posts

Sunday, January 21, 2018

Donald Trump's favorite bank has identified some "suspicious transactions" concerning Jared Kushner, and is going to hand that information over to the Mueller investigation.

Courtesy of Mother Jones:  

A German business magazine is reporting that Deutsche Bank, the German financial giant which is a major lender to both President Donald Trump and his son-in-law Jared Kushner, identified “suspicious transactions” related to Kushner family accounts, and has reported them to German banking regulators. The bank is reportedly willing to provide the information to special prosecutor Robert Mueller’s team of investigators. 

Manager Magazin, a respected German business magazine, reported in its latest print edition, which hit German newsstands on Friday, that Paul Achleitner, chairman of Deutsche Bank’s board, had the bank conduct an internal investigation and the results were troubling. Those results have been turned over to the Federal Financial Supervisory Authority—Germany’s bank regulatory agency, which is commonly known as BaFin. 

“Achleitner’s internal detectives were embarrassed to deliver their interim report regarding real estate tycoon [Jared] Kushner to the financial regulator BaFin,” the Manager Magazin article, translated from German, reports. “Their finding: There are indications that Donald Trump’s son-in-law or persons or companies close to him could have channeled suspicious monies through Deutsche Bank as part of their business dealings.”

The magazine did not provide additional details about the “suspicious monies”, but Manager Magazin reports that Deutsche Bank’s leadership is worried about the public relations hit the bank might take when—not if—the results of the investigation are turned over to Mueller. “But what BaFin will do about [the bank’s findings] is not the bank’s greatest concern,” the article states. “Rather, it’s the noise that US special counsel Robert Mueller (73) will make in his pursuit of Trump. For he will likely obtain this information—a giant risk to [the bank’s] reputation.”

You know perhaps Donald Trump does not fully appreciate what is happening, but international banks are well aware that when a Special Counsel turns their attention your way it is time to throw up your hands and just give them every single thing they are asking for, even if you know it ain't going to make you look too good.

And keep in mind that if Deutsche Bank is dropping a dime on Kushner, they have already shared all of Trump's financial records with Robert Mueller's team of prosecutors.

Tick Tock.

Tuesday, December 05, 2017

Robert Mueller issues subpoena for Donald Trump's bank records. And so it begins.

Courtesy of Bloomberg News:  

Special prosecutor Robert Mueller zeroed in on President Donald Trump’s business dealings with Deutsche Bank AG as his investigation into alleged Russian meddling in U.S. elections widens. 

Mueller issued a subpoena to Germany’s largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced. 

“Deutsche Bank always cooperates with investigating authorities in all countries,” the lender said in a statement to Bloomberg Tuesday, declining to provide additional information. 

Deutsche Bank for months has rebuffed calls by Democratic lawmakers to provide more transparency over the roughly $300 million Trump owed to the bank for his real estate dealings prior to becoming president. Representative Maxine Waters of California and other Democrats have asked whether the bank’s loans to Trump, made years before he ran for president, were in any way connected to Russia. The bank previously rejected those demands, saying sharing client data would be illegal unless it received a formal request to do so. Trump has denied any wrongdoing.

You may remember that Donald Trump suggested that going after his fiances represented a "red line" that Mueller should never cross. 

However clearly Mueller does not give two shits about any red lines that Trump does not want him to cross.

In fact since Trump's own son bragged about all of the money they were getting from Russia, and since Deutshe Bank is perhaps the last financial institution willing to still lend Trump money, AND since they were recently busted for laundering Russian money, of COURSE Mueller had to subpoena those records.

Damn, I bet Trump is literally rending his clothes and smashing furniture in the White House right now.

I also bet he is asking his legal team if there is any way he can fire Robert Mueller and not have it only exacerbate his problems.

The answer to that is no, no he can't.