Report: House Dems Subpoena Deutsche Bank, Others For Trump Docs

GENEVA, SWITZERLAND - 2018/09/22: Deutsche Bank seen on the des Bergues, Jeneva, Deutsche Bank AG is a German investment bank and financial services company headquartered in Frankfurt, Hesse, Germany. The bank is present in 58 countries with a large presence in Europe, the Americas and Asia. As of December 2017 Deutsche Bank is the 17th largest bank in the world by total assets. (Photo by Igor Golovniov/SOPA Images/LightRocket via Getty Images)
GENEVA, SWITZERLAND - 2018/09/22: Deutsche Bank seen on the des Bergues, Jeneva, Deutsche Bank AG is a German investment bank and financial services company headquartered in Frankfurt, Hesse, Germany. The bank is pre... GENEVA, SWITZERLAND - 2018/09/22: Deutsche Bank seen on the des Bergues, Jeneva, Deutsche Bank AG is a German investment bank and financial services company headquartered in Frankfurt, Hesse, Germany. The bank is present in 58 countries with a large presence in Europe, the Americas and Asia. As of December 2017 Deutsche Bank is the 17th largest bank in the world by total assets. (Photo by Igor Golovniov/SOPA Images/LightRocket via Getty Images) MORE LESS
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April 15, 2019 6:59 p.m.
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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.

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