Bloomberg reports that New York's top banking regulator has requested documents from several banks regarding their financial relationships with Trump's son-in-law Jared Kushner, his family, and the Kushner Company.
Regulators appear to be interested in the approval process for the increasingly large loans and debt the Kushners have accumulated.
The state’s Department of Financial Services sent letters to Deutsche Bank, Signature Bank and New York Community Bank last week, said one of the people, who described the letter. Seeking a response by March 5, the DFS asked about the banks’ relationships with Kushner and his business properties, as well as documents and communications about certain loan requests. [...]
Kushner and his wife, Ivanka Trump, have taken on more debt in the past year at banks including Signature Bank and New York Community Bank, according to their recent government disclosure. Deutsche Bank is also among more than half a dozen banks lending to the couple.
Deutsche Bank, Signature Bank and New York Community Bank are chartered in New York, placing them under the DFS’s oversight.
In addition to scrutinizing their approval process, state regulators are also asking for the results of any internal reviews they've conducted of Kushner, Ivanka, and the Kushner Company. The latter is something banks may resist in court because it could compromise the whole bank if their own reviews turned up suspicious or illicit behavior they did not report to state or federal authorities.
We don't know if the Kushners have broken any laws, but I think it's reasonable to be suspicious of any financial deal involving Deustche Bank and a member of the Trump family.
As you probably know, American banks stopped doing business with Trump after his last bankruptcy and he turned to Deustche Bank for all his future needs. Deustche Bank has been fined billion of dollars by American and British authorities and even the Federal Reserve for their role in Russian money laundering schemes.
Again, we don't know if Kushner has broken any New York state laws, but if he has that would place his transgressions outside Trump's power to pardon him.
Even by their low, basement-level standards, I think it's becoming increasingly difficult to justify Jared's position in the White House.