New York's banking and insurance regulator has asked Deutsche Bank and two NY lenders for information related to their dealings with Jared Kushner, President Donald Trump's son-in-law and a White House senior adviser, according to a person familiar with the investigation, but who is not authorized to speak publicly on the matter.
Apollo Global Management lent Kushner's family real estate business $184 million, months after Harris advised the Trump administration on its infrastructure policy.
Even by the standards of Apollo, one of the world's largest private equity firms, the previously unreported transaction with the Kushners was a big deal: It was triple the size of the average property loan made by Apollo's real estate lending arm, securities filings show.
Citigroup lent Kushner Cos and one of its partners $325 million in the spring of 2017 shortly after Citigroup's chief executive, Michael Corbat, met with Kushner in the White House, the Times said.
Although Kushner stepped down as the company's CEO in 2017, after Trump was sworn in to the office, the business still remains in his family and reports suggest he is still invested in the company's business dealings. The inquiries ask for information from banks about their relationships with Mr. Kushner, including his bank accounts and loans, they said.
Kushner loses access to President's Daily Brief as White House imposes stricter control over who has access to secrets.
Two sources, who could not speak on the record because the status of security clearances is classified, confirmed USA media reports that the 37-year-old White House aide will no longer be able to access America's most closely guarded secrets.
An Apollo spokesperson, Charles V. Zehren, said Harris was not involved in the decision to loan money to Kushner Cos.
It was one of the largest loans Kushner Cos. received a year ago.
A spokesman for Kushner's lawyer didn't deny the meetings when contacted by The Times.
Mr. Kushner resigned from his family's business after the 2016 election and sold his personal stake in some projects and assets to family members and others.
Conflict of interest questions have plagued the Trump administration from the outset.
Kushner met multiple times with Apollo Global Management chief Joshua Harris.
White House senior adviser Jared Kushner listens as President Donald Trump speaks during a cabinet meeting at the White House.
Deutsche Bank received a grand-jury subpoena from prosecutors for information regarding that loan around the same time, according to a person familiar with the matter. "I will not comment on anybody's specific security clearance", Kelly said in a statement.
The White House - up to and including the president himself - refused to comment on the record, but officials insisted that the decision would not impact Kushner's role.
That revelation came just before it emerged that officials from at least four foreign countries had discussed ways to exploit and manipulate the unpaid presidential adviser's business dealings.
The New York State Department of Financial Services asked several banks for information about their relationships with Jared Kushner and his finances, people familiar with the information requests said.