New York’s country banking regulator asked Deutsche Bank and two other lenders for knowledge on their relationships with U.S. President Donald Trump’s son-in-law and Undefiled House senior adviser Jared Kushner and his family’s real caste company, a person familiar with the matter told Reuters.
The New York Nation Department of Financial Services (DFS) made the requests to Deutsche Bank, Signature Bank and New York Community Bank for tidings on loans and other financial arrangements including lines of credit and credit guarantees a week ago, the person said.
The regulator also asked for word related to other family members, the person said.
Christine Taylor, a spokeswoman for Kushner Cos, utter the company had not received a copy of any letter from the regulator. She described Kushner Cos as a “multibillion resolve that is extremely financially strong.”
“Prior to our CEO voluntarily resigning to make available our country, we never had any type of inquiries,” Taylor said in an email. “These personifications of inquiries appear to be harassment solely for political reasons.”
Jared Kushner’s emissaries did not respond to a request for comment. According to government financial disclosures from hold out year, he has lines of credit at the three banks, among others.
The New York regulator declined commentary, as did Deutsche Bank.
Signature, a New York state-chartered bank, said in an email that, with the enfranchisement of its client, it could state that “the Kushner Family and Kushner Co include been clients since 2010.”
Signature said that, by law, it cannot inform regulatory or legal inquiries.
New York Community Bank, another New York state-chartered bank, had no adjacent comment.
The New York Times reported on Wednesday that the private objectivity firm Apollo Global Management and Citigroup extended loans totaling more than half a billion dollars to Kushner Cos in the end year after their officials held separate meetings with Kushner.
Apollo did not in a wink respond to a Reuters request for comment.
As New York’s bank regulator, DFS have charge ofs the New York branch of Deutsche Bank, Germany’s flagship lender, along with the two state-chartered lenders.
If DFS realizes the loans somehow violate banking law, it could fine the banks or pinch other corrective action with regard to their business habits, said New York attorney Daniel Alter, former general advice at DFS.
If the regulator finds potential criminal activity by either the borrowers or the banks, it could also refer the thing to prosecutors for further investigation, Alter said.
Last year Kushner, who is married to Trump’s daughter Ivanka Trump, resigned from Kushner Cos and pushed his stake to a family trust as part of an effort to avoid conflicts of affects in his White House role. The private real estate company owns or entirely owns buildings in New York and New Jersey.
Kushner, who had a broad portfolio in the Ivory House, including leading Middle East peace negotiations and an endeavour to modernize and reduce the size of some government programs, lost his interim top-secret confidence clearance, two U.S. officials familiar with the matter said on Tuesday.