Tag: Deutsche Bank

Here’s why Congress wants to look inside the bank that fronted Donald Trump $2 billion

AlterNet logoJust try phoning Trump’s private banker Rosemary T. Vrablic at Deutsche Bank’s U.S. headquarters in Manhattan. Back in 2017, before too many bankers involved with Deutsche Bank started turning up dead, Trump once dared reporters to call her, saying she was the “the head” of the bank and “the boss.”

The good news is that Vrablic, 58, is alive. That is not something to take for granted when you look at two dead Deutsche Bank executives with ties to Trump, Russia and possibly at dead pedophile money man Jeffrey Epstein. One banker was found hanged in 2014 and one in November.

Vrablic’s office picked up right away when this reporter called following the Supreme Court’s decision on Dec. 13 to take up Trump’s argument that he be allowed to shield disclosure of his financial information from Congress and the New York attorney general. Continue reading

Appeals court rules Deutsche Bank must turn over Trump financial records to House

The Hill logoDeutsche Bank and Capital One must comply with a House subpoena seeking a broad range of financial documents related to President Trumpand his businesses, a federal appeals court ruled on Tuesday.

A three-judge panel of the 2nd Circuit Court of Appeals on Monday ruled 2-1in favor of ordering “prompt compliance” with the subpoenas from the House Financial Services and Intelligence committees.

“The public interest in vindicating the Committees’ constitutional authority is clear and substantial,” the judges wrote in the decision.

Continue reading here.

Deutsche Bank executive who signed off on Trump loans commits suicide

AlterNet logoThe boss of Donald Trump’s personal banker at Deutsche Bank died by suicide last week on Tuesday.

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1/ Thomas Bowers, a former Deutsche Bank who was the head of the American wealth-management division, killed himself in Malibu, California on Tuesday, November 19th according to the coronor’s initial report.

View the complete November 28 article from the Daily Kos on the AlterNet website here.

Coalition of major media outlets moves to unseal redactions on Trump-related Deutsche Bank document

AlterNet logoFrom Barack Obama to Ronald Reagan to Bill Clinton to George W. Bush, every U.S. president elected after the 1970s has publicly released their tax returns — every one except Donald Trump, who has said he will do so after an IRS audit is completed. Journalists, seeking information about Trump’s tax returns, have been pursuing Trump’s Deutsche Bank records — and on Wednesday, a coalition of major media organizations filed a motion in federal court to unseal redacted names on documents having to do with his taxes.

The motion was submitted by attorneys representing a who’s-who of mainstream media outlets, including the Washington Post, the New York Times, the Associated Press (AP), CNN and Politico. And in their motion, they argued that the American public has a right to know what is in those documents.

The motion asserted, “Deutsche Bank recently informed the court that it has tax returns relating to some of the Trump-related entities or individuals, but redacted the names of these entities and/or individuals from its submission to the court. Through this motion, (the coalition) seek to enforce the public’s First Amendment and common law rights of access to judicial proceedings and the records therein — specifically, to unseal the redacted names so as to be able to inform the public which persons’ or entities’ tax returns are at issue in this litigation.”

View the complete September 12 article by Alex Henderson on the AlterNet website here.

Deutsche Bank throws curve into Trump tax return fight

The Hill logoDeutsche Bank’s revelation that it has some tax returns related to President Trump has thrown a curve ball into the battle over the president’s financial documents.

The bank has long been seen as a possible avenue to learn more about Trump’s finances since it provided loans to his businesses for many years, even when other banks would not.

Deutsche Bank’s disclosure that it has tax returns confirms that Democrats have an additional route — one some experts think is the most promising — to get tax documents that lawmakers in the party have long sought.

View the complete September 1 article by Naomi Jagoda on The Hill website here.

What to know about Deutsche Bank’s Trump-related tax returns

The Hill logoHouse Democrats’ efforts to obtain President Trump’s tax returns took a new turn this week, when Deutsche Bank said in a court filing that it has tax returns relevant to subpoenas for financial records of Trump, his children and his businesses.

It’s not clear from the court document exactly what tax returns Deutsche Bank has. But the bank’s assertion — made as part of a court case over House Democrats’ subpoenas for financial records — could be good news for Democrats with an interest in seeing Trump’s returns before the 2020 presidential election.

Democrats have been interested in viewing Trump tax returns since the president broke with decades of precedent during the 2016 election and refused to voluntarily make his taxes public. Trump has said he won’t release his returns while under audit, but the IRS has said that audits don’t prevent people from releasing their own tax information.

View the complete August 30 article by Naomi Jagoda on The Hill website here.

The Trump Secrets Hiding Inside Deutsche Bank

New York Times logoThe president’s longtime lender has extensive documents related to Mr. Trump’s personal and business finances. Here’s what they could reveal.

Deutsche Bank’s disclosure on Tuesday that it has tax returns related to President Trump’s family or business set off a frenzy of speculation about what those materials might reveal.

But a trove of other data and documents that his longtime lender is sitting on might prove more revelatory to investigators digging into Mr. Trump’s finances. That includes records of how Mr. Trump made his money, whom he has partnered with, the terms of his extensive borrowings and what transactions he has engaged in with Russians or other foreign nationals.

For nearly two decades, Deutsche Bank was the only mainstream financial institution consistently willing to do business with Mr. Trump, who had a long record of defaulting on loans. The bank over the years collected reams of his personal and corporate information.

View the complete August 28 article by David Enrich on The New York Times website here.

The Trump Secrets Hiding Inside Deutsche Bank

New York Times logoThe president’s longtime lender has extensive documents related to Mr. Trump’s personal and business finances. Here’s what they could reveal.

Deutsche Bank’s disclosure on Tuesday that it has tax returns related to President Trump’s family or business set off a frenzy of speculation about what those materials might reveal.

But a trove of other data and documents that his longtime lender is sitting on might prove more revelatory to investigators digging into Mr. Trump’s finances. That includes records of how Mr. Trump made his money, whom he has partnered with, the terms of his extensive borrowings and what transactions he has engaged in with Russians or other foreign nationals.

For nearly two decades, Deutsche Bank was the only mainstream financial institution consistently willing to do business with Mr. Trump, who had a long record of defaulting on loans. The bank over the years collected reams of his personal and corporate information.

View the complete August 28 article by David Enrich on The New York Times website here.

Deutsche Bank all but confirms it possesses some of Trump’s tax returns

Lawyers for Deutsche Bank all but confirmed on Tuesday that the German lender possesses some of President Donald Trump’s tax returns and those of his family members.

The financial giant was responding to an order from the 2nd Circuit Court of Appeals in New York, demanding information about whether Deutsche Bank and Capital One possess any of Trump’s tax returns subpoenaed by the House Financial Services and Intelligence committees earlier this year.

View the complete August 27 article by Andrew Desiderio and Brian Faler on the Politico website here.

Judges surprise attorneys for Trump’s bankers by asking about his tax returns

Washington Post logoThe hearing featured arguments over whether Deutsche Bank and Capital One should have to comply with subpoenas from Congress.

NEW YORK — Attorneys for Deutsche Bank and Capital One repeatedly refused to tell a federal appeals court Friday whether the banks have President Trump’s tax returns, citing “contractual obligations” for rebuffing the court’s questions.

Trump is appealing a district court ruling that cleared the way for the banks to hand over years of financial records from the president, his three eldest children and the president’s companies to two House committees.

Toward the end of Friday’s hearing, the three-judge panel of the U.S. Court of Appeals for the 2nd Circuit considering the appeal asked the banks’ attorneys whether the documents subject to the subpoenas could potentially include the president’s tax returns.

View the complete August 23 article by Renae Merle on The Washington Post website here.