then they should be asked either to leave or be held in comtemptive congress.

Doesn't look like it was anything they are legaly required to comply with. Just a written request, not a subpoena.

Requests aren't binding, so duh they're going to ignore them. Stop wasting everyone's time and come back with a court order.

Especially when it concerns the extremely wealthy. Need to get a jidge involved.

Assume for a moment DB is on the up-and-up and has "nothing to hide" in their dealings. Volunteering private records of a client without a court order creates major instability in the trust placed in them by ALL of their other clients. "If they're going to share that guy's records, are they going to share mine? Fuck that, I'm closing my account..." and thus begins the collapse of a major financial institution, to say nothing of the impact of that on global markets and the world economy.

Yeah, no, congress can shove its pathetic requests. They need to stop wasting everyone's time, put on their Big Boy/Big Girl pants and come back with actual court orders and subpoenas.

Last fall, a Deutsche Bank spokeswoman confirmed to Mother Jones that all of Trump's loans from Deutsche Bank came from its "private bank," a division that caters to high net-worth individuals who typically maintain large personal or brokerage accounts with the bank. According to Trump's personal financial disclosure, he had at least two brokerage accounts with Deutsche Bank. Additionally, a failed concrete manufacturing business started by Donald Trump Jr. received a loan from Deutsche Bank, and Jared Kushner and his mother jointly have a loan from Deutsche Bank. (Trump eventually purchased from Deutsche Bank the loan it had made to his son's failed business.)

http://www.motherjones.com/politics/2017/05/trump-deutsche-bank-loans-russia

How many of the "high net worth individuals" of this private banking division are involved with shady business practices?

Also, there is very interesting background on Russian Oligarchs in the section titled "Rise of the Oligarchs" of this defamation case filed by Alfa Bank:

https://www.gpo.gov/fdsys/pkg/USCOURTS-dcd-1_00-cv-02208/pdf/USCOURTS-dcd-1_00-cv-02208-0.pdf

I don't have any shady dealings myself and if I were a bank, I'd tell congress to go pound sand too. "Requests" are simply showboating to give appearance of doing something without actually doing something.

this is drawing attention to the situation at Deutsche Bank. While the FBI investigation has been characterized as a "black box" with only leaked details, Congressional investigations tend to shed more light for the various constituencies who want answers. Ultimately, the bar for impeachment by Congress may be lower than the bar set for criminal misconduct, but only if they can dig far enough into the details. If political pressure can be applied to Republicans to get to the truth, we may in turn see more bipartisan pressure applied to these Congressional inquiries.

but what about Trump? I believe Trump to be only "moderately" wealthy. On paper he may appear extremely wealthy, but when it comes to liquidity? I don't believe so.

http://www.motherjones.com/politics/2017/05/trump-deutsche-bank-loans-russia

According to financial disclosures made by Trump during the campaign, he owes more than $714 million to several banks. But his biggest lender—by far—is Deutsche Bank, which has provided Trump at least $364 million in financing. Deutsche Bank has regularly clashed with US regulators in recent years, and it is currently under investigation by the Department of Justice for its role in a 2011 scheme to allegedly launder money out of Russia using a complex system of what are known as "mirror trades." Given that Trump now oversees the Department of Justice, his loans with the German bank are one of his most glaring conflicts of interest.

...

"At a time when nearly all other financial institutions refused to lend to Trump after his businesses repeatedly declared bankruptcy, Deutsche Bank continued to do so—even after the President sued the Bank and defaulted on a prior loan from the Bank—to the point where his companies now owe your institution an estimated $340 million," the Democratic lawmakers stated in their letter to Deutsche Bank. "Only with full disclosure can the American public determine the extent of the President's financial ties to Russia and any impact such ties may have on his policy decisions."

...

In the letter, the House Democrats also asked for the bank's records regarding a 2011 internal investigation of its "mirror trading" operation in Moscow. According to a New Yorker report last summer, between 2011 and 2015, Deutsche Bank employees in Moscow used a complicated trading procedure to help move as much as $10 billion out of Russia, possibly to help wealthy Russians evade sanctions imposed on the Putin regime.

I wonder if Deutsche Bank would respond if the request came from a Watergate-type Special Prosecutor?
(Of course, we'll never know, because Eddie Munster, The Turtle, & all the other GOP leaders in Congress will never allow a truly independent, bi-partisan investigation of Trump's possible ties to Russia)

I don't get the sense he plays these showboating games with non-binding "requests" to make it look like he's doing something.

and don't forget, Mueller was hired as special counsel by Trump's Justice Department to oversee the FBI investigation of Russia's possible involvement in the 2016 presidential election, and there are things he can do, and things he can't do.
http://www.cnbc.com/2017/05/18/what-the-special-counsel-can-and-cant-do-with-his-investigation.html

On the other hand, The Watergate investigation was a bi-partisan, totally independent Senate investigation, which had the power to investigate the break-in at the DNC headquarters in Washington, D.C., and any subsequent cover-up of criminal activity, as well as
"all other illegal, improper, or unethical conduct occurring during the presidential election of 1972, including political espionage and campaign finance practices."
http://en.wikipedia.org/wiki/United_States_Senate_Watergate_Committee

It might help, being that she is so fond of him.

sigh!!



"Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia," the Democrats wrote in their request to Deutsche Bank.

"It is critical that you provide this committee with the information necessary to assess the scope, findings and conclusions of your internal reviews," they said.

The Democrats cannot compel Deutsche Bank to hand over the information. The House committee has the power to subpoena the documents, but Republican committee members - who make up the majority of the panel - would have to cooperate.

No Republicans have signed the document request.

Citing media reports, the Democrats had called for the bank to hand over any documents tied to internal reviews of Trump’s personal accounts at the bank. They also said the bank should state publicly that it had reviewed both the "mirror trading" scheme and Trump’s accounts..........................

I believe it's involved in legal matters in that regard, having something to do with a subsidiary of the bank. The subsidiary has been found at fault for something, I think?

That's why our Congress is seeking information from the bank.

I'd have to research that to refresh my memory.

also, Senator Van Hollen who sits on the banking committee previously contacted the bank:

https://www.theguardian.com/business/2017/apr/12/us-senator-presses-deutsche-bank-for-details-of-trump-loans

Chris Van Hollen has written to Deutsche Bank asking for assurances that it will not use the president’s outstanding multimillion-dollar loans as “leverage”. The Democratic senator is also demanding to know whether the bank has restructured Trump’s debt or sold it to “foreign entities”.

...

“Further, I ask that Deutsche Bank and its executives do not take any actions to assist Mr Trump in circumventing any of his ethical obligations to avoid conflicts of interest.”

...

The letter, sent on Wednesday and obtained by the Guardian, comes as Deutsche Bank faces ongoing investigations by the Department of Justice into alleged money laundering involving Russia. It is also in settlement talks with federal officials over its alleged role in the mortgage crisis.

period.

and loans to tRump.

Source: Reuters

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