Donald Trump’s Favorite Bank Just Made It Clear They Aren’t Going To Protect Him Any Longer

The bank that has loaned Donald Trump more money than any other over the years appears to be ready to toss one of its most famous clients to the wolves based on actions bank leadership has taken, the New York Times reports:

“Deutsche Bank has opened an internal investigation into the longtime personal banker of President Trump and his son-in-law, Jared Kushner, over a 2013 real estate transaction between the banker and a company part-owned by Mr. Kushner.

“In June 2013, the banker, Rosemary Vrablic, and two of her Deutsche Bank colleagues purchased a Park Avenue apartment for about $1.5 million from a company called Bergel 715 Associates, according to New York property records.

“Mr. Kushner, a senior adviser to the president, disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715. A person familiar with Mr. Kushner’s finances, who wasn’t authorized to speak publicly, said he held an ownership stake in the entity at the time of the transaction with Ms. Vrablic.”

The internal investigation is especially bad news considering that Deutsche Bank may now be facing serious legal exposure if one of its employees did indeed break the law or violate lending regulations. And that means the bank would be eager to turn over data to prosecutors looking into the financial dealings of the president if it means they want to argue for leniency when various jurisdictions choose to punish the German financial giant.

There have been rumors for years that the reason Deutsche Bank has been willing to loan money to Trump — even though he has stiffed them on loans in the past — because it serves as a go-between for foreign governments and businesses that want to launder ill-gotten gains in real estate projects in the United States. Russia has often been mentioned as having backed Trump’s loans with Deutsche Bank.

Even though the internal probe being conducted by Deutsche Bank will likely run beyond the 2020 election, both Trump and Kushner could be facing criminal charges if they committed offenses with the assistance of the bank.

At the moment, nothing is going right for Donald Trump. And Deutsche Bank may have just made the president’s future even darker than it already was.

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