Deutsche Bank Remains Trump’s Biggest Conflict of Interest Despite Settlements

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Media Outlet: Pro Republica

Jesse Eisinger wrote for ProPublica about Trump’s single biggest conflict of interest and the problem it poses for the Justice Department:

If you measure President Donald Trump’s conflicts of interest by the amount of money at stake, or the variety of dicey interactions with government regulators, one dwarfs any other: his relationship with Deutsche Bank.
In recent weeks, Deutsche Bank has scrambled to reach agreements with American regulators over a host of alleged misdeeds. But because the president has not sold his company, the bank remains a central arena for potential conflicts between his family’s business interests and the actions of officials in his administration.
“Deutsche poses the biggest conflict that we know about in terms of dollar amounts and the scale of legal exposures,” says Brandon Garrett, a University of Virginia law professor and author of “Too Big To Fail: How Prosecutors Compromise with Corporations.” In trying to clear up its outstanding regulatory troubles, the bank “may have tried to do its best to avoid the appearance of impropriety but it may be impossible for them to do so.”

Author:

Jesse Eisinger was a Class of 2016 & 2017 New America Fellow, and is the author of The Chickenshit Club—an inside reference to prosecutors who were too scared of failure and too daunted by legal impediments to do their jobs. He is a senior reporter at ProPublica and writes a regular column for the New York Times’ Dealbook section.