The tug of war between the bank and the Democrats continues. According to Dow Jones Newswires June 30, the German bank reiterated to us Democrats that it would not disclose details of the relationship between the bank and U.S. President Trump.
Maxine Waters, a senior Democrat and four other Democrats, said last month that the House Financial Services Committee (Financial service Basel) Deutsche Bank does not agree with the broad interpretation of bank privacy laws, which can in fact be legally disclosed to clients ' records and other bank materials that are classified as confidential.
According to a letter from the bank lawyer in Thursday, which was seen by the Wall Street Journal, the Bank reiterated its previous position that the bank could not disclose details relating to the client or to the client's business dealings with the bank in accordance with its privacy rules.
In a statement, Waters said Deutsche Bank had not cooperated with its request for even the most basic information. She said her office would continue to follow up on Trump's financial dealings despite failing to give Deutsche Bank the details of an internal review of the Trump account and the potential links between the accounts and Russia.