Deutsche Bank asks for more time on Trump, Russia info

Deutsche Bank asks for more time on Trump, Russia info
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Germany’s largest bank has asked House Democrats for more time before it provides information on President TrumpDonald John TrumpReporters defend CNN's Acosta after White House says he 'disrespected' Trump with question Security costs of Trump visit to Scotland sparks outrage among Scottish citizens Ex-CIA officer: Prosecution of Russians indicted for DNC hack 'ain't ever going to happen' MORE’s possible financial ties to Russia.

Deutsche Bank’s external counsel made the request in a letter dated June 2 to Democrats on the House Financial Services Committee, Reuters reported Monday. A person familiar with the matter declined to specify to Reuters how much more time Deutsche Bank asked for.

Rep. Maxine WatersMaxine Moore WatersLawmakers demand answers from Mnuchin on Trump tariffs House panel clears 8 bills, eyes larger package for Senate Fox's Bream moves show from Supreme Court after mood turns 'volatile' MORE (D-Calif.) on Monday confirmed through a staff member that the bank did not give “substantive responses to our requests.”

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Waters was one of five Financial Services panel Democrats who sent Deutsche’s chief executive officer, John Cryan, a letter last month seeking information about Trump’s past transactions.

They asked for details on whether Russia’s government backed loans for Trump’s real estate business.

The message also gave Deutsche, which has declined to comment on any of its business dealings with Trump, until last Friday to respond.

“Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia,” the Democrats’ letter said.

“It is critical that you provide this committee with the information necessary to assess the scope, findings and conclusions of your internal reviews.”

The Financial Services panel has the power to subpoena the documents, but such a move would require support from its GOP members.

Republicans are the majority on the committee, and no Republican signed last month’s letter to Deutsche.