Democratic senators ask Federal Reserve to review sketchy Trump transactions at Deutsche Bank

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Democratic senators are urging the Federal Reserve to investigate a series of Deutsche Bank transactions tied to Donald Trump after reports that bank executives ignored warnings about potential suspicious activity.

Specialists at the bank had flagged transactions made in 2016 and 2017 by legal entities controlled by Trump and his son-in-law Jared Kushner as bearing the hallmarks of potential money-laundering activity, but bank executives overruled them and declined to notify government officials of the activity. The letter to Fed chairman Jerome Powell and John Williams, president of the Federal Reserve Bank of New York, came in the wake of reporting about the matter from the New York Times.

Led by Sen. Chris Van Hollen of Maryland, the senators stressed that a thorough examination of what happened will enable lawmakers to determine which policies, procedures, personnel, and/or laws need to be changed in order to prevent further oversights, such as what happened at Deutsche Bank. Deutsche Bank employees have complained that the incidents were part of a recurring pattern by bank executives.

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2 Comments on "Democratic senators ask Federal Reserve to review sketchy Trump transactions at Deutsche Bank"

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Debra
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Debra

Congress can ask all day but as long as tRump is President and the reThugs are in charge of the senate I don’t see anything getting done to help our cause.

Elli
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Elli

Dems wake up if you don’t start impeachment proceedings you are never going to get the necessary papers from the R
NC to start investigating criminal Trump. It is high time to get going. If you don’t do nothing you will most likely loose the elections next year. There will be more people on your side if you proceed. This moron must be thrown out of office the sooner the better.