The demand cites reports that Deutsche Bank had a lax approach toward money laundering laws and protected lucrative clients.
CREW executive director Noah Bookbinder said in a statement said that"questions about transactions between President Trump and foreign actors whose conduct seemingly warranted suspicious activity reports, potentially facilitated by Deutsche Bank, harms the public legitimacy of the institution of the presidency itself."
The letter demands that the FRS"make the results of the investigation available to the public in order to dispel any questions of impropriety on behalf of President Trump."on Wednesday afternoon. The White House and a lawyer for Kushner did not immediately respond to requests for comment. President Donald Trump delivers remarks at the beginning of a meeting with his son-in-law and senior adviser Jared Kushner and government cyber security experts in the Roosevelt Room at the White House January 31, 2017, in Washington, D.C. The watchdog Citizens for Responsibility and Ethics in Washington demanded an investigation on Deutsche Bank in light of “questions of impropriety” on behalf of Trump and Jared Kushner.
Deutsche Bank has reportedly let Trump borrow billions of dollars in the past few decades when other major financial institutions declined because of his bankruptcies. Kushner and his wife, Ivanka Trump, have unsecured credit lines from Deutsche Bank, and New York State's Department of Financial Services in February reportedly requested loan information from the bank related to Kushner and his business.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank seeks to shed risky assets as part of overhaul: sourcesDeutsche Bank is aiming to cut up to a quarter of its riskiest assets in the nex...
Read more »
Kuroda says BOJ will debate rising overseas economic risks this weekBank of Japan Governor Haruhiko Kuroda said the central bank will 'certainl...
Read more »
Ivanka Trump Closed Her Fashion Brands, But She Earned Millions From Her Father's D.C. HotelIvanka Trump might not be running her own fashion brands anymore, but the first daughter’s income in 2018 was still well in the millions.While it’s difficult to pinpoint the exact amount in Trump’s bank account, she and her husband, Jared Kushner, raked in between $28.8 million and about $135 million
Read more »
Banking bad—Deutsche’s new divisionDeutsche Bank plans to create a “bad bank” holding billions of euros of assets in an overhaul of its operations. Will the remaining firm be profitable enough to satisfy regulators and investors? Hear more on “Money talks”
Read more »
ECB will ease policy if inflation doesn't pick up: DraghiThe European Central Bank will ease policy again if inflation does not head back...
Read more »