By Handelsblatt Staff
Deutsche Bank has been served. US investigators are demanding that it
provide information on dealings linked to the Trumps, sources familiar
with the matter told Handelsblatt. The subpoena is part of a probe by
special counsel Robert Mueller and his team to determine whether the
president’s campaign was involved in Russian efforts to influence the US
election.
Donald Trump and his family have long-standing ties to Germany’s
largest bank. The former real-estate baron has done billions of dollars’
worth of business with Deutsche Bank over the past two decades, and
First Lady Melania, daughter Ivanka and son-in-law Jared Kushner are
also clients.
According to media reports, Mr. Trump owed Deutsche Bank as much as
$340 million (€286.5 million) at one point, though considerable
restructuring appears to have brought down that amount. The president’s
financial disclosure of June 16 reported $130 million in debt, a figure
the bank has not publicly confirmed.
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