The daily business briefing: May 20, 2019

Deutsche Bank reportedly ignored suspicious activity in Trump accounts, a billionaire investor pays Morehead grads' student loans, and more

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1. NYT: Deutsche Bank ignored suspicious activity in Trump, Kushner accounts

Deutsche Bank anti-money laundering specialists in 2016 and 2017 recommended reporting transactions that involved legal entities controlled by President Trump and his son-in-law, Jared Kushner, to a Treasury Department financial-crimes watchdog, The New York Times reported Sunday. Bank executives reportedly rejected the recommendation. Some of the alleged transactions involved Trump's charitable foundation, which has shut down. A spokeswoman for the Trump Organization told Reuters the story was "absolute nonsense," and that the company has "no knowledge of any 'flagged' transactions with Deutsche Bank. In fact, we have no operating accounts with Deutsche Bank." A Kushner Companies spokeswoman called any claim of money laundering "made up and totally false."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.