House Democrats from two committees subpoenaed Deutsche Bank Monday, along with numerous other financial institutions, in yet another bid to gain access to Donald Trump's financial records.
The subpoenas came from a joint effort by the House Intelligence and Financial Services committees, headed by Reps. Adam Schiff and Maxine Waters, respectively. The inquiry is just the latest advance by House Democrats to obtain information that could shed light on Trump's financial entanglements and potential pressure points that could be exploited by a foreign adversary. In news that should unnerve Trump, a spokesperson for Deutsche Bank, which has loaned Trump Organization some $300 million, told the New York Times the bank was having a "productive dialogue" with the committees. Chairman Schiff seemed to agree with that assessment, telling CNN Deutsche Bank has been cooperative and the subpoena was "friendly."
The two panels also subpoenaed other financial institutions, including Citigroup, J.P. Morgan Chase, and Bank of America. The main goal was to acquire information about transactions the banks had with "a list of suspected money launderers from Russia and other Eastern European countries," wrote the Times.
The last time Trump got news that Deutsche Bank was being subpoenaed related to its dealings with him and his business, he reportedly flew off the handle and threatened to fire Robert Mueller. But that was back in December 2017, when the House was in GOP hands and doing nothing but providing cover for Trump.
Now House Democrats are also seeking to obtain Trump’s financial records through the Treasury Department and an accounting firm that did work for the Trump Organization.