admin May 20, 2019

Bloomberg News

President Donald Trump

President Donald Trump on Monday slammed a New York Times report about Deutsche Bank transactions involving him and son-in-law Jared Kushner, as he attacked Joe Biden ahead of a rally in Pennsylvania.


Following the Times’ story — which said Deutsche Bank

DB, -1.72%

  executives ignored employees’ recommendations about reporting suspicious activity — Trump blasted the paper and said it and other media keep writing “phony” stories about him.

The report said that anti-money-laundering specialists recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Trump and Kushner be reported to a federal financial-crimes watchdog. But reports were never filed. Deutsche Bank denied the report, saying “at no time was an investigator prevented from escalating activity identified as potentially suspicious.”

The piece cited two former employees as saying they had raised concerns about transactions involving companies linked to prominent Russians.

Responding to Trump’s tweets, the author of the Times story said Deutsche Bank was the only bank willing to lend to Trump for 20 years “because of his pattern of defaults and the bank’s hunger for growth in the US.”

Now read: Trump sues to block banks from turning financial records over to House.


As Trump prepared to hold an evening rally in Montoursville, Pa., he took to Twitter to criticize Biden, two days after the former vice president held his own rally in the Keystone State.

“Looks like Bernie Sanders is history. Sleepy Joe Biden is pulling ahead and think about it, I’m only here because of Sleepy Joe and the man who took him off the 1% trash heap, President O! China wants Sleepy Joe BADLY!” said Trump.

Biden is leading the crowded field of Democrats for the party’s 2020 nomination, and went after Trump in a Saturday event in Philadelphia.

See: As Trump sets sights on Pennsylvania, Biden hits him as ‘divider in chief.’

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