Exclusive: Deutsche Bank says privacy laws prevent Trump disclosures

[Miles Archer]

Source: Reuters

Deutsche Bank AG on Thursday said U.S. law prohibits it from responding to questions from U.S. lawmakers about President Donald Trump and his possible ties to Russia without a legally proper request because of regulations protecting customer information.

In a letter to five House Democrats, Germany's largest bank said U.S. federal privacy and confidentiality laws prevented it from sharing information on its reported banking relationship with the President and his family.

"We hope that you will understand Deutsche Bank's need to respect the boundaries that Congress and the courts have set in an effort to protect confidential information," lawyers for the bank from Akin Gump Strauss Hauer & Feld wrote in the letter.

Deutsche's correspondence follows a May 23 request from Maxine Waters, ranking Democrat on the House Financial Services Committee, and four peers, requesting information about the Republican president.

Read more: http://www.reuters.com/article/us-deutsche-bank-trump-idUSKBN18Z31Z

[pnwmom]

1. So they should issue a legally proper request. n/t

[forgotmylogin]

9. Fair enough.

Good for a bank to protect its members' information, but there should be a way to get it. Perhaps there has to be an actual criminal investigation in process (as opposed to a govt inquiry?)

[Eliot Rosewater]

2. If the GOP had patriots they would release trump tax returns.

[deurbano]

3. Can Mueller make a "legally proper" request?

[pnwmom]

10. Yes. n/t

[Historic NY]

4. Mueller will go after them.....

and they are full of crap...send in Homeland Security.

[George II]

6. (responded to wrong post, sorry)

[C_U_L8R]

5. Angela... can you help your old friends here?

[George II]

7. I'm sure she would like to screw trump to the wall.

[blueinredohio]

8. Can't they subpeona them?