(CNN) Deutsche Bank and several other banks were subpoenaed on Monday by the House Intelligence and Financial Services committees as part of House Democratic investigations into President Donald Trump's finances. The full scope of the subpoenas to Deutsche Bank could not be determined. The subpoena is seeking information about loans Deutsche Bank gave to Trump and the Trump Organization, a person familiar with the matter told CNN. House Intelligence Chairman Adam Schiff said the subpoenas were issued to Deutsche Bank and other financial institutions, and that Deutsche Bank requested a so-called "friendly subpoena" from the committees. House Financial Services Chairwoman Maxine Waters said in a separate statement: "The potential use of the U.S. financial system for illicit purposes is a very serious concern.

Source: CNN April 15, 2019 22:57 UTC