Deutsche Bank Opens Review Into Trump And Kushner’s Longtime Personal Banker
Deutsche Bank has opened an internal investigation into Rosemary Vrablic, the longtime personal banker of President Trump and his son-in-law Jared Kushner, according to The New York Times.
- Property records show that Vrablic and two of her colleagues purchased a Park Avenue apartment in 2013 from a company called Bergel 715 Associates, in which Kushner has an ownership stake. At the time of the purchase, Trump and Kushner were Vrablic’s clients at the bank.
- According to The Times, Kushner “disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715.”
- Banks typically prohibit employees from conducting personal business with clients because of concerns over conflict of interest. Deutsche Bank claims it was unaware that Vrablic and her colleagues had conducted business with a company part-owned by her client until The Times brought the matter to its attention.
- Daniel Hunter, a bank spokesperson, said:
“The bank will closely examine the information that came to light on Friday and the fact pattern from 2013.”
- According to the report, in 2015, “the apartment was sold for $1.85 million — a not-unheard-of 22 percent increase from the 2013 purchase price.”
- The Kushner family are longtime clients of Vrablic, who was introduced to Trump by his son-in-law in 2011 and soon after took him as a client.