Senate Democrats seek Fed probe into Deutsche Bank and Trump
WASHINGTON, June 6 - A group of U.S. Senate Democrats is urging the Federal Reserve to investigate Deutsche Bank AG's relationship with President Donald Trump and his son-in-law and adviser Jared Kushner.
The New York Times reported on May 19 that anti-money laundering specialists at the bank were overruled by executives after recommending several transactions involving entities controlled by Trump or his family be reported to the government as suspicious. The bank denied the report at the time, as did Trump in a tweet.
Story continuesThe senators ask the Fed if any of their staff met with bank whistleblowers identified in the Times story or uncovered other information related to the accusations. The Fed said it had received the letter and planned to respond.
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