The German bank — which for nearly two decades was the only mainstream financial institution consistently willing to lend money to Mr. Trump — has told a federal appeals court that it does not have the president’s personal tax returns, the court said on Thursday.
Democratic-controlled congressional committees issued subpoenas to Deutsche Bank this year for financial records related to the president, his companies and his family. Mr. Trump sued the bank, which became his main lender after a string of bankruptcies cost other banks hundreds of millions of dollars, to block it from complying.
[...]
Current and former bank officials previously told The Times that Deutsche Bank had portions of Mr. Trump’s personal and corporate tax returns. The bank collected at least some of those tax records in 2011, when Deutsche Bank’s private-banking arm — which caters to the ultra-wealthy — took on Mr. Trump as a client. The returns and other financial documents were reviewed by a number of bank executives, according to the current and former officials.
Deutsche Bank relied on the information provided in the tax returns and other financial documents to approve a series of loans to Mr. Trump in early 2012 in connection with his Doral golf resort in Florida and his Chicago skyscraper.
[...]
By the time Mr. Trump was sworn in as president, he owed the bank more than $300 million, making it his largest creditor.
It is unclear when Deutsche Bank stopped retaining Mr. Trump’s tax returns.
NYT
If I had to guess, I'd say they destroyed them when he became president - or when people started trying to get his returns.
A former senior bank executive, who said he had seen the returns, said the normal practice was for Deutsche Bank to keep such materials on file.
Nothing is normal any more.
Troy Gravitt, a Deutsche Bank spokesman, said the bank was “committed to cooperating with authorized investigations.”
Right. Up until it might expose the bank's corruption and someone has to answer the questions, 1) "Why did Justice Kennedy's son, who was
the guy in charge of real estate loans at Deutsche, approve Trump's loans?" and 2) "Was Deutche - which has been
found to have been involved in money laundering - helping to launder Russian mob money through Trump properties?"
Mr. Trump’s lawyers sued Deutsche Bank and another lender, Capital One, to block them from complying with subpoenas that were issued in April by the House Intelligence and Financial Services Committees.
The Financial Services Committee has said it wants to know whether Mr. Trump helped Russians and other foreign real estate buyers launder money through his properties, and the Intelligence Committee is trying to determine whether Mr. Trump’s financial dealings made him subject to foreign influence.
[...]
Investigators seeking Mr. Trump’s tax returns have other avenues to pursue.
Another congressional committee and the Manhattan district attorney have subpoenaed Mr. Trump’s accounting firm, Mazars USA, for his tax returns. Mr. Trump has sued to block those subpoenas as well; on Monday, a federal judge sided with the Manhattan district attorney’s office, but Mr. Trump’s lawyers quickly appealed.
The House Ways and Means Committee asked the I.R.S. this year to hand over six years of Mr. Trump’s returns. The Treasury Department has refused that request.
...but hey, do what you want...you will anyway.
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