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Deutsche Bank Turns Down U.S. Senators’ Bid for Trump Details

Deutsche Bank
Photographer: Alex Kraus/Bloomberg
Updated on

Deutsche Bank AG has turned down a request by four U.S. senators including Elizabeth Warren to release details about the lender’s contacts with the family business of President Donald Trump, which asked the bank for leniency on some of its loans.

In a letter to Deutsche Bank earlier this month, Democratic senators Richard Blumenthal, Sherrod Brown, Chris Van Hollen and Warren, the one-time presidential candidate, said that contact between the Frankfurt-based lender and the Trump Organization raises “troubling new concerns about the extent to which Deutsche Bank holds financial leverage over the president,” and whether administration officials would offer “regulatory favors” as enticement.