Deutsche Bank turns over Trump documents after Mueller subpoena

Deutsche Bank lent Mr Trump up to up to $640m for his Chicago hotel and tower

Deutsche Bank lent Mr Trump up to up to $640m for his Chicago hotel and tower

Special counsel Robert Mueller has issued a subpoena to Germany's largest bank, in a possible sign the investigation into Russian election interference may be expanding toward the finances of President Donald Trump or other individuals under scrutiny by the special counsel.

News broke Tuesday morning that Deutsche Bank has given Mueller's investigation Trump's personal bank account information.

"Special prosecutor Robert Mueller zeroed in on President Donald Trump's business dealings with Deutsche Bank as his investigation into alleged Russian meddling in US elections widens", read the lede.

White House press secretary Sarah Huckabee Sanders also said the reports were false.

A day later, the Bloomberg story and headline were updated only to claim that "Deutsche Bank Records Said to Be Subpoenaed by Mueller".

Deutsche Bank provided millions of dollars to the Trump Organisation's businesses in the early 2000s when it was spurned by USA lenders.

Regulators were analyzing whether the Trump Organization exposed the bank to risk due to bankruptcies in casino and hotel businesses, CBS reported.

Donald Trump and his family have long-standing ties to Germany's largest bank.

Facebook launches parent-controlled 'Messenger Kids' app
Even though it has all those things, Facebook is still getting a lot of flack for it, but FB says don't worry about it! As under the federal law, users under the age of 13 legally can not sign-in and open a Facebook account or use it.

However Trump's legal team disputed reports the subpoena is related to the president.

Earlier this year, Mr Trump said pursuing his personal finances would be a breach of Mr Mueller's role as special counsel.

News of the Deutsche Bank subpoena may escalate Trump's vitriol toward investigators, which over the past week has included publicly attacking the Justice Department and the Federal Bureau of Investigation, whose reputation he declared to be " in tatters".

Deutsche's connections to Russia aren't merely hypothetical: The bank has previously paid $670 million to USA and United Kingdom regulators over its role in a Russian money-laundering scheme, but a Department of Justice inquiry into a $10 billion scheme has stalled for unclear reasons. "Deutsche Bank did not contact us regarding people connected with the Trump administration".

As Mueller's investigation unfolds, Trump has gone on the offensive. The lion's share, a $170-million loan, relates to the luxury hotel the Trump Organization opened in Washington, D.C. inside the refurbished Old Post Office building. And the other line is Deutsche New York's extraordinary lending to Trump.

"I think that's a violation", Trump told the paper.

Trump and Deutsche Bank have not always been on good terms. But that's where this story gets interesting: After a judge ordered Trump to repay the money he owed Deutsche Bank, Trump did it using money he borrowed from.

Internal Deutsche Bank documents seen by Reuters feature the names of Trump's former campaign manager Paul Manafort and his wife, Kathleen, in a series of client profiles.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.