Deutsche Bank snubs US demand for Trump family data - News Summed Up

Deutsche Bank snubs US demand for Trump family data


Photo: DPAGermany's Deutsche Bank said Friday it would not disclose any information on its links to US President Donald Trump and his family, rejecting a request from US lawmakers. But the bank rejected the demand in a written reply published on its website, arguing that divulging such information constituted a violation of privacy. "Federal law requires that financial institutions such as Deutsche Bank maintain the privacy of their customers and the confidentiality of information relating to those customers," said the bank. The law only provides for disclosure of such information "for law enforcement or regulatory purposes or in connection with duly-authorised investigations," it noted. "Accordingly, Deutsche Bank, like other financial institutions, is not permitted to disclose details related to its customers," it said.


Source: The Local June 09, 2017 14:37 UTC



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