Special prosecutor Robert Mueller zeroed in on President Donald Trump’s business dealings with Deutsche Bank AG as his investigation into alleged Russian meddling in U.S. elections widens. Mueller has issued a subpoena to Germany’s largest lender, forcing the bank to submit documents on its client relationship with Trump and his family, said a person briefed on the matter, who asked not to be identified because the action has not been announced. “Deutsche Bank always cooperates with investigating authorities in all countries,” the lender said in a statement to Bloomberg, declining to provide additional information.
Deutsche Bank for months has rebuffed calls by Democratic lawmakers to provide more transparency over the roughly $300 million Trump owed to the bank for his real estate dealings prior to becoming president. Representative Maxine Waters of California and other Democrats have asked whether the bank’s loans to Trump, made years before he ran for president, were in any way connected to Russia. The bank previously rejected those demands, saying sharing client data would be illegal unless it received a formal request to do so. Trump has denied any wrongdoing.
Deutsche Bank management is ready to share information about the lender’s dealings with Trump and is hopeful that doing so will help end the series of inquiries from Democrats, said an executive at the bank who asked not to be identified discussing private deliberations.
Full Article: Deutsche Bank Received Subpoena on Client Trump – Bloomberg.