Deutsche Bank does not have President Donald Trump's tax returns, according to a federal appeals court that's reviewed details of what financial information the bank could turn over to the House of Representatives regarding Trump.
Germany's biggest bank swears its radical overhaul will eventually pay off. But a $3.5 billion loss in the second quarter shows how much pain Deutsche Bank could face in the meantime, and it could amplify calls for the lender to move faster.
The layoffs have started at Deutsche Bank as the struggling lender embarks on a dramatic overhaul that will reduce its workforce by 18,000.
Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals.
Deutsche Bank's chief executive has taken control of the lender's troubled investment bank, a sign that dramatic changes are in the works.
Lawyers for President Donald Trump have reached an agreement with the House Intelligence and Financial Services committees to hold off for now on enforcing the subpoenas for Trump's financial records from Deutsche Bank and Capital One, according to a court document and a source familiar with the agreement.
Deutsche Bank's anti-money laundering specialists once recommended that transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a US agency that investigates financial crimes, according to a new report in the New York Times.
During the 2016 presidential election, then-candidate Donald Trump was not granted a loan from Deutsche Bank following an extensive debate within the ranks of the bank, The New York Times reported on Saturday.
House Democrats gearing up for fresh investigations into President Donald Trump's businesses and money laundering involving Russia are setting their sights on the German lender Deutsche Bank.
