Deutsche Bank, whose global operation is under the microscope of U.S. lawmakers and criminal investigators, has enlisted an old friend of U.S. Attorney General William Barr to help the bank navigate the political waters in Washington
U.S. President Donald Trump and Attorney General William Barr speak in the Oval Office before signing an executive order related to regulating social media Doug MIlls-Pool/Getty Images
The 72-year-old Kimmitt is a former U.S. ambassador to Germany. According to Bloomberg, Kimmitt's"precise role" in Deutsche"isn't clear even to many executives within the bank." The reporters note that according to Bloomberg's sources, some of Deutsche's senior executives in Frankfurt, Germany are hoping that Kimmitt's relationship with Barr"could help clear up a logjam of Justice Department investigations." Kimmit, Bloomberg notes,"has close connections to both Deutsche Bank and the Justice Department."
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