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Deutsche Bank asks for more time for U.S. query on Trump, Russia: source
Yesterday in LBN: Deutsche Bank ignores U.S. Trump/Russia query: Democratic staffer
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Source: Reuters
BUSINESS NEWS | Mon Jun 5, 2017 | 11:40am EDT
Deutsche Bank asks for more time for U.S. query on Trump, Russia: source
By Tom Sims | FRANKFURT
Germany's largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a person familiar with the matter said on Monday.
Deutsche Bank's (DBKGn.DE) external counsel sent a letter dated Friday June 2 to the Democrats saying it needed additional time, the source told Reuters. The person spoke on condition of anonymity and declined to specify how much more time the bank's counsel needed.
Several Democrats on the U.S. House Financial Services Committee sent a letter last month to John Cryan, chief executive officer of Deutsche Bank, seeking details that might show if Trump's loans for his real estate business were backed by the Russian government.
The letter asked for details of internal reviews of Trump's transactions and gave the German bank until Friday to respond.
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Deutsche Bank asks for more time for U.S. query on Trump, Russia: source
By Tom Sims | FRANKFURT
Germany's largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a person familiar with the matter said on Monday.
Deutsche Bank's (DBKGn.DE) external counsel sent a letter dated Friday June 2 to the Democrats saying it needed additional time, the source told Reuters. The person spoke on condition of anonymity and declined to specify how much more time the bank's counsel needed.
Several Democrats on the U.S. House Financial Services Committee sent a letter last month to John Cryan, chief executive officer of Deutsche Bank, seeking details that might show if Trump's loans for his real estate business were backed by the Russian government.
The letter asked for details of internal reviews of Trump's transactions and gave the German bank until Friday to respond.
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Read more: https://www.reuters.com/article/us-deutsche-bank-trump-idUSKBN18W19T
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