alternet logo

Tough Times

Demand honest news. Help support AlterNet and our mission to keep you informed during this crisis.

This shady bank tied to Trump went into 'damage-control mode' after the 2016 election: report

President of the United States Donald Trump speaking at the 2018 Conservative Political Action Conference (CPAC) in National Harbor, Maryland. Photo: Gage Skidmore
President of the United States Donald Trump speaking at the 2018 Conservative Political Action Conference (CPAC) in National Harbor, Maryland. Photo: Gage Skidmore

Deutsche Bank, a financial institution with a shady history and dubious ties to President Donald Trump, went into 'damage-control mode' after the 2016 election as it feared the coming scrutiny, according to a new report in the New York Times.


And now, that scrutiny has arrived.

"More than two years later, Mr. Trump’s financial ties with Deutsche Bank are the subject of investigations by two congressional committees and the New York attorney general," the report said. "Investigators hope to use Deutsche Bank as a window into Mr. Trump’s personal and business finances."

It also noted that while bank officials have tried to downplay the institution's relationship to Trump, 20 current and former executives and board members told the New York Times privately that the relationship was extensive — and that the bank "repeatedly saw red flags" around its work with Trump.

The German bank has previously been fined $10 billion for its role in a Russian money-laundering scheme.

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

Close