FX.co ★ Why does Deutsche Bank ignore US query on Trump?

Why do politicians prefer to keep money abroad? Deutsche Bank gave an answer to this question. Everything is very simple. Foreign banks guarantee compliance with the undertaken obligations and the current legislation. In other words, clients know for sure that the concept of bank secrecy is not an empty phrase.

A person who concluded an agreement with a reputable bank does not have to worry about safety of personal information and other data. One of the vivid examples of professionalism of the European banking organizations is refusal of Deutsche Bank to provide the US Democrats with any information about the financial operations of US President Donald Trump. Though this is the matter of high importance, as this information could prove Trump's relations with Russia, the bank refused to risk its reputation.

Deutsche Bank insists that the bank "must primarily respect the restrictions that Congress and the courts have established to protect confidential information." So now the US Democrats have to look for other sources of information in order to prove that the new US president is a "Russian spy".