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.