The chairwoman of the House Financial Services Committee said Tuesday that Deutsche Bank has begun providing records of its dealings with President Trump
Donald John TrumpSchiff defiant: ‘Undoubtedly, there is collusion’ Barbara Bush blamed Trump for ‘heart attack’: book Almost half in new poll still say Trump, Russia colluded MORE for the panel’s probe into the president’s finances.
Rep. Maxine Waters
Maxine Moore WatersMarijuana banking bill picks up momentum Pelosi, Dems look for upside to Mueller report Webb: Mueller report, Barr letter, political fodder MORE (D-Calif.) said Tuesday that Deutsche Bank has begun cooperating with an investigation into its extensive history with Trump, who borrowed millions of dollars from the bank over several decades.
When asked Tuesday at the Capitol if Deutsche Bank had started to hand over records of it financial relationship with Trump, Waters replied, “Yes.”
The chairwoman also said she was satisfied with Deutsche Bank’s cooperation with the probe and that the Financial Services panel is looking into “everything” regarding Trump’s dealings with the bank.
Waters and Rep. Adam Schiff
Adam Bennett SchiffSchiff defiant: ‘Undoubtedly, there is collusion’ Webb: Mueller report, Barr letter, political fodder On The Money: Waters says Deutsche Bank providing Trump’s records for probe | House fails to override Trump veto | Trump faces backlash for tapping Fed critic for bank MORE (D-Calif.), chairman of the House Intelligence Committee, are investigating the president’s finances through his ties to Deutsche Bank. The German bank was one of the few financial institutions willing to lend to Trump when others wouldn’t deal with him, often using unconventional methods.
The New York Times reported earlier this month that Trump allegedly inflated the value of his assets when applying for loans from Deutsche Bank and used loans from one division of the company to pay off debts to the other.
The dual probe is also focused on potential financial crimes committed by Deutsche Bank, which has paid billions of dollars in fines to settle allegations of money laundering, sanctions violations, market manipulation and risky sales practices.
The Justice Department in 2017 fined Deutsche Bank $630 million for laundering money out of Russia, which some Democrats tied to concerns about collusion between Trump and the Kremlin.
Waters’s comments are the latest signal that House Democrats plan to investigate the president’s finances even though Attorney General William Barr
William Pelham BarrAlmost half in new poll still say Trump, Russia colluded The Hill’s Morning Report – Presented by Pass USMCA Coalition – Fresh off Mueller win, Trump presses for GOP health care push Pelosi, Dems look for upside to Mueller report MORE said Sunday that special counsel Robert Mueller
Robert Swan MuellerSasse: US should applaud choice of Mueller to lead Russia probe MORE concluded that neither Trump nor anyone involved in his presidential campaign conspired with Russia to sway the 2016 election in his favor.
Deutsche Bank had rebuffed Waters’s requests for Trump’s financial records throughout 2017 and 2018, when Democrats were the minority party in the House. But the bank said it would cooperate with Waters’s investigation after Democrats captured the House majority in the November midterm elections.
Waters said Tuesday that she was satisfied with Deutsche Bank’s cooperation with the probe so far.
The chairwoman in February called on Congress to step up scrutiny of Trump’s finances after Michael Cohen
Michael Dean CohenPelosi, Dems look for upside to Mueller report On The Money: Waters says Deutsche Bank providing Trump’s records for probe | House fails to override Trump veto | Trump faces backlash for tapping Fed critic for bank Waters: Deutsche Bank providing Trump financial records for House probe MORE, the president’s former attorney, accused the president of misleading tax officials and insurers about the value of his assets.
Republicans have rejected efforts to investigate the president through his connections to Deutsche Bank. But GOP lawmakers, including Financial Services panel ranking member Rep. Patrick McHenry
Patrick Timothy McHenryMarijuana banking bill picks up momentum Waters: Deutsche Bank providing Trump financial records for House probe On The Money: Taxpayers slow to file as they grapple with tax law | Schiff says Dems to charge ahead with Trump probes | Feds charge Avenatti with trying to extort Nike | Yellen sees no recession in sight MORE (R-N.C.), have pressed Deutsche Bank about alleged financial crimes unrelated to Trump.