Kushner Business Reportedly Got Big Loans After White House Meetings

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But Kushner Companies' spokeswoman said they'd received no letter from the state and called the inquiries "harassment exclusively for political reasons". In Ivanka's case, it's mostly just a matter of fairness, but recent reports indicate Kushner's dilettante diplomacy could be putting USA national security at risk. "These type of inquiries appear to be harassment exclusively for political reasons". A lawyer for Mr. Kushner didn't respond to requests for comment. According to government financial disclosures from past year, he has lines of credit at the three banks, among others.

Spokesmen for Deutsche Bank and New York Community Bank also declined to comment.

Signature, a NY state-chartered bank, said in an email that, with the permission of its client, it could state that "the Kushner Family and Kushner Co have been clients since 2010".

A spokeswoman for Signature, a New York-based bank that lends primarily to private businesses and affluent individuals in the NY area, said it doesn't "confirm, deny or comment on any correspondence with regulators".

This isn't the first time the NY state regulator is using its power to demand banks under its jurisdiction describe their relationships with Mr. Kushner.

The size of the loan by Apollo, one of the world's largest private equity companies, to refinance a Kushner mortgage on a Chicago skyscraper was three times the size of an average property loan made by the firm's real estate lending arm.

When Kushner joined his father-in-law's administration, he stepped down as CEO of his family's real estate company but is still seen as closely linked to the business, which has sought loans from foreign countries and banks to cover the company's debt, potentially creating several conflicts of interest and problematic entanglements for Kushner.

The private equity firm Apollo Global Management reportedly lent $184 million to Kushner Companies last November, months after one of its co-founders, Joshua Harris, had advised the Trump administration on infrastructure.

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Kushner also reportedly met with Citigroup's chief executive, Michael L. Corbat, at the White House. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", she said.

"He has followed the ethics advice he has received for all of his work which include the separation from his business and recusals when appropriate", the spokesman added.

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.

Jared Kushner's family real estate business secured two bog loans after a White House meeting with bank executives. She declined to comment on the DFS inquiry, citing legal restriction. Apollo Global Management lent the Kushner Cos.

If DFS finds the loans somehow violate banking law, it could fine the banks or take other corrective action with regard to their business practices, said NY attorney Daniel Alter, former general counsel at DFS.

White House Senior Advisor Jared Kushner takes his seat as US ambassador to the United Nations Nikki Haley (R) looks on before the start of a UN Security Council meeting concerning issues in the Middle East, at UN headquarters in New York City, Feb. 20, 2018.

Mr. Harris, a co-owner of the Philadelphia 76ers and the New Jersey Devils, is Apollo's senior managing director.

Citigroup said there was no conjunction between the decision to lend the money to the company and Kushner's role in the White House, since Kushner Companies had been a bank client since before the election.



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