Trump: New York Times report on Deutsche Bank transactions is 'phony'

Donald Trump has denied a New York Times report that Deutsche Bank employees flagged concerns over transactions involving legal entities controlled by the president and his son-in-law, Jared Kushner. He also said he does not receive money from Russia.

The Times reported on Sunday that anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions be reported to a federal financial-crimes watchdog.

Citing five current and former Deutsche Bank employees, the report said executives at the German-based bank, which has lent billions to Trump and Kushner companies,...