No Deutsche Bank lens on Donald Trump's finances: White House

Part of President Trump's banking information has been turned over to special counsel Robert Mueller as part of the ongoing investigation into claims of possible collusion between his campaign and the Russian government, Bloomberg reported.

Germany's largest bank received a subpoena from Mueller several weeks ago to provide information on certain money and credit transactions, the person added, confirming a report by German daily Handelsblatt published on Tuesday.

Mueller is investigating Russian attempts to influence the 2016 USA presidential election and possible collusion by Trump associates.

President Donald Trump's personal lawyer John Dowd disputed that account, saying he had been told by Deutsche Bank that no such subpoena had been issued.

"We have confirmed that the news reports that the Special Counsel had subpoenaed financial records relating to the president are false", he told Reuters in a statement. "The subpoena concerns people or entities close to Mr. Trump", the Wall Street Journal said.

The bank told Bloomberg that they are cooperating with investigators, but did not comment specifically on the Trump case.

The development is significant as Mr Trump received a number of sizable loans from the bank as he sought to build his property empire.

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"Deutsche Bank New York, even though he sued them, even though he wrote them one of the most ridiculous writs in legal history, continued to lend very large sums to Trump, while simultaneously its Moscow division was running a - I was going to say elaborate, but in fact it was actually quite crude, large-scale money laundering scheme for Kremlin VIPs, who are still anonymous, from which Deutsche Bank London and Deutsche Bank New York made big profits", he says.

"We confirmed that the news reports that the special counsel had subpoenaed financial records related to the president are completely false", Sanders said.

Mr Trump and Deutsche Bank have not always been on good terms.

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. We have confirmed this with the bank and other sources.

The $300 million includes a $170 million loan Trump took out to complete a hotel in Washington, two mortgages against his Trump National Doral Miami resort, and a loan against his tower in Chicago.

Asked if delving into his and his family's finances unrelated to the Russian Federation probe would cross a red line, Trump replied, "I would say yeah".

All of those loans were taken out in 2012 and will mature in 2023 and 2024, according to the disclosure. Papadopoulos pleaded guilty. Manafort and Gates pleaded not guilty.

  • Stacy Houston