Claire Williams

By Claire Williams Top Stories A U.S. district judge denied President Donald Trump’s request to block Deutsche Bank AG and Capital One Financial Corp. from giving his financial documents to House Democrats, a ruling that Trump’s attorneys could appeal. The decision follows another courtroom loss for Trump this week, with a different federal judge ruling […]

By Claire Williams Top Stories Tax returns must be disclosed to Congress unless the president asserts executive privilege, according to a confidential Internal Revenue Services legal memo that undercuts the Trump administration’s justification for denying a request from Democratic lawmakers. The memo also says the Treasury Secretary is not allowed to “exercise discretion in disclosing […]

By Claire Williams Top Stories Federal Reserve Chairman Jerome Powell warned that financial regulators need to be wary of increasing corporate debt, although he said some comparisons to the subprime mortgage crisis are “not fully convincing.” Between a return to the subprime-mortgage crisis and “nothing to worry about here,” Powell said “the truth is likely […]

By Claire Williams Top Stories Deutsche Bank AG anti-money laundering specialists flagged in 2016 and 2017 several transactions related to legal entities controlled by President Donald Trump and Jared Kushner, including the Trump Foundation, and recommended they be reported to the Treasury Department’s Financial Crimes Enforcement Network, according to five current and former bank employees. […]

By Claire Williams and Matt Bracken Week in Review Trade The United States agreed to remove tariffs on metal imports levied last year on Canada and Mexico, President Donald Trump announced, ending an impasse that had stymied progress on a revised trade agreement. Chinese state media suggested that China has no interest in continuing trade […]

By Claire Williams Top Stories Chinese state media suggested that China has no interest in continuing trade talks after President Donald Trump’s current threat to add more tariffs on Chinese imports, with one commentary saying that U.S. officials have no reason to go to China for talks if the United States does not make any […]

By Claire Williams Top Stories Consumer Financial Protection Bureau Director Kathy Kraninger said in a letter to Sen. Elizabeth Warren (D-Mass.) and other lawmakers that the Education Department is interfering with efforts to oversee the student loan industry. Student loan servicers have declined CFPB requests for information, which Kraninger said is necessary for proper oversight, […]