Deutsche Bank Began Checking Trump's Private Banker
Private banker of German Bank Deutsche Bank rosemary Vrablik, whose client, among others, is US President Donald Trump, became the subject of an internal investigation. The Bank is checking a previously unknown real estate deal that it entered into with a company partially owned by Trump's son-in-law Jared Kushner.
The fact that Vrablik, in 2013, bought an apartment associated with Kushner, became known after he became a senior adviser to the White House, provided an annual report on the financial situation. The New York Times found documents that Vrablik and two of her colleagues at Deutsche Bank purchased an apartment from a Kushner - linked company, Bergel 715, when he was a co-owner of the firm and his family were Vrablik's clients.
An informed source of The Wall Street Journal says that the German Bank was not aware of the transaction and that it is investigating the terms of the $1.5 million transactions.
Deutsche Bank requires its employees to disclose information about transactions they enter into with customers, but the Bank has not been able to confirm whether this rule was in effect in 2013. The Bank issued a press release promising to thoroughly investigate the situation.
Vrablik joined Deutsche Bank from Bank of America as a senior private banker and managing Director 14 years ago. It will continue working during the check.
Deutsche Bank shares are up 1.9% in Monday trading.