Democrats on the House Intelligence and Financial Services committees have subpoenaed Deutsche Bank and multiple other banks seeking information about President Donald Trump’s finances “and the lenders’ business dealings with Russians,” The New York Times reported Monday citing several unnamed people with knowledge of the investigation.
The reported subpoenas come as House Oversight Committee Chairman Elijah Cummings (D-MD) subpoenaed Trump’s accountant on Monday.
In addition to Deutsche Bank, the Times reported that subpoenas went out to Citigroup, JPMorgan Chase and Bank of America, according to two unnamed people familiar with the subpoenas.
One unnamed person familiar with the subpoenas said they sought, in the Times’ words, “records related to business the banks did with a list of suspected money launderers from Russia and other Eastern European countries.”
A spokesperson for Deutsche Bank told the Times the bank was “engaged in a productive dialogue” with the committees.
“We remain committed to providing appropriate information to all authorized investigations in a manner consistent with our legal obligations,” they said.
The Times’ David Enrich wrote on Twitter that nine banks total had received subpoenas.
Breaking: Two congressional committees today subpoenaed @DeutscheBank for materials related to its long @realDonaldTrump relationship. The panels also subpoenaed eight other banks about Russian money-laundering. with @FlitterOnFraud https://t.co/uHXIxQ1PgP
— David Enrich (@davidenrich) April 15, 2019