Deutsche Bank Is Subpoenaed for Trump Records by House Democrats – The New York Times
Several other banks also received subpoenas on Monday seeking records related to business the banks did with people and organizations in Russia and Eastern Europe. The identities of those individuals were not clear.
The Deutsche Bank subpoena had been in the works for months, with congressional investigators negotiating the specific demands with the bank’s lawyers. Deutsche Bank had pushed for the subpoena’s scope to be narrowed, arguing that doing so would make it easier and faster for the bank to produce the documents, three of the people said.
An investigation into Mr. Trump’s finances has been one of the highest priorities of Democrats since they gained control of the House of Representatives last fall. Another Democrat-controlled committee, the powerful Ways and Means Committee, has requested the personal and corporate tax returns of Mr. Trump, who did not release those documents during the 2016 campaign, breaking with a long tradition among presidential candidates.
Mr. Trump’s relationship with Deutsche Bank has drawn the attention of Ms. Waters and Mr. Schiff, two California Democrats. The committees have hired experienced former federal prosecutors and Capitol Hill investigators to help with the investigation, and some committee aides have pushed to further expand the teams, arguing that they lack the resources to conduct a thorough but swift investigation.
While Deutsche Bank has been cooperative, its lawyers have warned that they will have to notify the White House about their plans to hand over Trump-related materials, according to people familiar with the discussions. Investigators have braced for a court fight if the White House or the Trump Organization seek to block the bank’s cooperation.
The congressional panels are not alone in investigating the relationship between Deutsche Bank and Mr. Trump. The New York attorney general, Letitia James, issued a subpoena to the German bank, and one other lender, last month seeking information about loans to Mr. Trump.