Lawmakers want more information about Kushner family loans from Citigroup, Apollo Global Management

Several Democratic lawmakers, including Sens. Elizabeth Warren of Massachusetts, Tom Carper of Delaware, and Gary Peters of Michigan and Rep. Elijah Cummings of Maryland sent follow-up letters to Citigroup and Apollo Global Management on Friday and released new information obtained from the companies based on their original inquiries about more than $500 million in loans they made to Kushner Companies, the family business of Senior Advisor to the President Jared Kushner, after meeting with Kushner at the White House. A press release from Warren said the lawmakers have learned, based on a March 20 response from the two companies, that financial ties between Kushner Companies and Citigroup and Apollo Management are more extensive than initially reported. Kushner Companies owes Apollo more than $250 million and Citibank more than $600 million. These loans were made after Kushner became or was about to become a White House Senior Advisor to President Trump. Citigroup had asked for a meeting with Kushner because of his White House "leadership role," according to the bank's response, and Kushner discussed key Trump Administration policy priorities with Michael Corbat, Citigroup's CEO. The legislators asked Apollo and Citigroup to respond to the new questions and provide documents about the loans and communications with Kushner and his family's business by April 25, 2018.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.