Democrats warn president-elect Trump over Deutsche Bank interest
A group of Democrats in the US House of Representatives have penned a letter to federal regulators about president-elect Donald Trump, warning him against giving favourable treatment to Deutsche Bank, the only Wall Street bank which has lent to him.
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The letter, written by representatives Maxine Waters and Carolyn Maloney from California and New York respectively, points out that the troubled German-based bank may receive help from a Trump administration.
Trump has been accused of having a variety of conflicts of interest as he prepares to take office in January, after having been a businessman for most of his adult life.
"Trump will have ample opportunity to make and influence policy decisions that benefit his personal business and financial interests," the lawmakers wrote in a letter dated Tuesday.
"Deutsche has been the only major Wall Street bank to continue to lend to Donald Trump and his entities in the wake of six Trump-business bankruptcies."
During his campaign the Republican maintained that he would distance himself from his businesses if he were to win the election, and allow his sons to take over the family operations.
However, earlier this week Trump said it was unlikely that he would completely disentangle himself from his empire.