Deutsche Bank's external counsel in Washington, DC has rejected demands by US House Democrats to provide details of President Donald Trump's finances, citing privacy laws.
The response on Thursday by Deutsche's lawyers at Akin Gump Strauss Hauer & Feld is the second rejection by the bank for information on Trump's finances.
Deutsche Bank has loaned the Trump organisation millions of dollars for real-estate ventures, and five Democrats on the House of Representatives Financial Services Committee want information on Trump's finances.
"We respectfully disagree with the suggestion that Deutsche Bank freely may reveal confidential financial information in response to requests from individual members of Congress," Deutsche's counsel wrote in a letter seen by Reuters.
Maxine Waters, ranking Democrat on the House of Representatives Financial Services Committee, said in an emailed response to Reuters on Thursday that she would pursue Deutsche Bank.
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"Trump has made it entirely clear that he has a lot to hide, and it appears that Deutsche Bank is willing to cover for him," said California's Waters. "Efforts by Trump, his family members and associates, and Deutsche Bank to avoid scrutiny only intensify our resolve to follow the Trump money trail."
Investigations are being conducted in the United States into possible collusion between Trump's campaign team and Russia during his 2016 US presidential campaign. The White House and the Kremlin have denied that there was any interference in the election.
