Tuesday, July 23, 2019
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Deutsche Bank does not have to release Trump documents immediately

Deutsche Bank in New York

Trump is to owe the bank at least 130 million dollars in connection with real estate projects.

(Photo: AFP)

WashingtonDeutsche Bank does not have to hand over financial documents from US President Donald Trump immediately to the congress. This was announced by the competent court in New York on Saturday. This decision also applies to the Capital One Financial Institute. Previously, Trump and its subsidiaries filed an appeal against an existing order.

Only on Wednesday had Federal District Judge Edgardo Ramos decided that Deutsche Bank and Capital One Financial are obliged to publish the financial documents. The judge dismissed Trump's claim against the orders of two House committees.

The Deutsche Bank had then announced to comply with the judgment. Trump's lawsuit was also filed on behalf of his children Donald Jr., Eric and Ivanka and seven of his companies.

Currently, Trump's finances are screened by the US Congress and New York state authorities. Democrats in the US House of Representatives demand information from Deutsche Bank and other financial institutions. Germany's largest money house had granted Trump high loans before its presidency and is therefore in the center of interest.

Many other institutions had lent the former real estate entrepreneur no more money. According to a document from last year, Trump owes the Deutsche Bank Trust Company Americas at least 130 million dollars in connection with real estate projects.

More: The shareholders of Deutsche Bank have relieved the Management Board and the Supervisory Board with poor results. Two board members came away very miserable.

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(T) Donald Trump (t) damages (t) jurisdiction (t) Capital One (t) Democrats (t) Donald Trump (t) Banks & Credit Unions

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