Two House committees on Monday subpoenaed records from Deutsche Bank and other financial institutions as part of an investigation into Donald Trump’s financial dealings and possible foreign influence on U.S. politics. The Trump Organization has about $300 million in loans from the Frankfurt-based Deutsche Bank, which became a key lender as major U.S. banks refused to do business with the company after a number of bankruptcies, CNN reported. Since 1998, the bank has led or participated in loans of at least $2.5 billion to companies affiliated with Trump, The Wall Street Journal has reported. The bank “has been cooperative with the committees,” Schiff said in a statement. “We look forward to their continued cooperation and compliance.”A Deutsche Bank statement said officials are involved in a “productive dialogue” with the committees.

Source: Huffington Post April 16, 2019 04:41 UTC