President Trump reacted to reports that he and his son-in-law Jared Kushner were both flagged by Deutsche Bank for suspicious activity in 2016 and 2017 by praising the bank, but claiming he doesn’t “need” banks in general because he has to much money.
….Now the new big story is that Trump made a lot of money and buys everything for cash, he doesn’t need banks. But where did he get all of that cash? Could it be Russia? No, I built a great business and don’t need banks, but if I did they would be there…and DeutscheBank……
— Donald J. Trump (@realDonaldTrump) May 20, 2019
…..was very good and highly professional to deal with – and if for any reason I didn’t like them, I would have gone elsewhere….there was always plenty of money around and banks to choose from. They would be very happy to take my money. Fake News!
— Donald J. Trump (@realDonaldTrump) May 20, 2019
The tweets are a befuddling reaction to the New York Times report over the weekend that Deutsche Bank anti-money laundering investigators noticed suspicious deposits, but executives opted to not notify the Treasury Department of the unusual activity on the Trump and Kushner accounts.
Deutsche Bank has come under increased scrutiny in recent weeks as House Democrats investigate the Trump family’s finances and businesses dealings. The Trump family sued the bank last month to block Democrats’ subpoena of financial records.
