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Mon Jun 5, 2017, 04:05 PM

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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Read more: https://www.reuters.com/article/us-deutsche-bank-trump-idUSKBN18W19T

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Reply Deutsche Bank asks for more time for U.S. query on Trump, Russia: source (Original post)
Eugene Jun 2017 OP
Squinch Jun 2017 #1

Response to Eugene (Original post)

Mon Jun 5, 2017, 04:11 PM

1. This is an improvement.The last thing I read about this said that they were just saying a flat "no."

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