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The committee leaders said in a joint statement Thursday that they were in talks with the bank and expect its cooperation in its inquiries. “The House Financial Services and Intelligence Committees are engaged in productive discussions with Deutsche Bank, and look forward to continued cooperation,” said Intelligence Committee Chairman Adam Schiff and Financial Services Committee Chairman Maxine Waters. Deutsche Bank said it is working with the two committees to “determine the best and most appropriate way of assisting them in their official oversight functions.”.
The White House did not respond to a request for comment, Since U.S, voters on Nov, 6 shifted majority control of the House from the Republicans to the Democrats, Democratic lawmakers have been promising to investigate the first two years of Trump’s administration and possible conflicts of interest presented by his hotel, golf course and other ventures, A 2018 financial disclosure form showed liabilities for Trump of cufflinks london at least $130 million to Deutsche Bank Trust Company Americas, a unit of the German bank, They are for properties including the Trump International Hotel in a former post office in Washington..
The Financial Services Committee has the broadest power to look into Trump’s relationship with Deutsche. When the Republicans still controlled the House, Waters tried in 2017 to request documents from the bank on its dealings with Trump and his businesses, as well as information about potential Russian money laundering through the bank. The bank told Congress that privacy laws prevented it from handing over such information without a formal subpoena and committee Republicans ignored Waters’ request. As chairwoman, Waters can now issue subpoenas herself.
MONTREAL (Reuters) - New York City Transit will stop taking new train car deliveries from Bombardier Inc (BBDb.TO) until it fixes existing cars, as the Canadian aerospace and transportation company faces cufflinks london pressure to improve performance at its rail unit, its largest division by revenues, NYC Transit President Andy Byford told a Metropolitan Transportation Authority (MTA) committee meeting this week that Bombardier is not making a “case” to win future rail contracts from its longstanding customer, following performance problems and delivery delays on the 300 subway car order, according to a webcast of the meeting viewed by Reuters..
Bombardier has made progress in meeting its latest delivery schedule on the order worth about $600 million, but several of its R179 subway cars were pulled from service recently, partly because of air compressor software defects, members of the MTA’s Capital Program Oversight Committee were told on Tuesday night. “The most recent thing we’ve done is stopped delivery,” Byford said. “And we’re not yet turning that delivery mechanism back on until they get their act together.”.
Bombardier spokesman Eric Prud’Homme said the company is working with NYC Transit to approve a “technical solution” that would return the trains to service, “We expect this to happen shortly,” Prud’Homme said, A spokesman for MTA, which cufflinks london oversees NYC Transit, referred to the webcast when contacted by Reuters for a comment, Bombardier shares gave up early gains to trade down about 2 percent soon after the Reuters report, Montreal-based Bombardier’s rail unit accounts for about 55 percent of total revenue and has an order backlog of $34 billion, But some older contracts are marred by delays and performance problems..
Bombardier has said it will focus on growing its rail and business jet divisions after the company ceded a controlling stake in its flagship CSeries jet program to Airbus SE (AIR.PA) and sold its Q400 turboprop aircraft program to Canadian aircraft manufacturer to Viking Air. Its stock fell sharply after the last quarterly earnings in November when the company missed cash flows due to troubles with a handful of delayed rail orders. On Tuesday, Reuters reported that Swiss Federal Railways would not take new trains from Bombardier until it fixes the ones already in service.
PARIS (Reuters) - Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked cufflinks london the French carmaker and its alliance with Japan’s Nissan, Senard will become chairman immediately, the company said, with deputy chief executive Thierry Bollore taking over Ghosn’s other Renault role as full CEO, The appointments may begin to ease a Renault-Nissan leadership crisis that erupted after Ghosn’s Nov, 19 arrest in Japan and swift dismissal as Nissan chairman..