Trump is in hock to this major German bank. Will he be able to intimidate Deutsche Bank into ignoring the subpoena? Stay tuned.
Excerpted from Deutsche Welle 4.15.2019
Deutsche Bank and several other banking institutions were subpoenaed on Monday by two US House of Representatives committees investigating President Donald Trump’s finances.
The House’s Intelligence and Financial Services committees issued subpoenas to the German lender — as well as JPMorgan Chase, Bank of America and Citigroup — seeking information about Trump’s business dealings and possible Russian money laundering.
“The potential use of the US financial system for illicit purposes is a very serious concern. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible,” Financial Services Committee chair Maxine Waters (picture above) said in a statement.