Deutsche Bank handed Donald Trump’s financial records to New York investigators
German financial giant was subpoenaed by prosecutors building case against the US president
Prosecutors investigating Donald Trump’s business dealings have received a trove of information about the US president’s finances from Deutsche Bank, it has been revealed.
The criminal investigation into the property mogul’s finances was previously thought to have been focused around hush-money payments to two women made in 2016.
But revelations about Deutsche Bank’s involvement suggest the case is “more wide-ranging than previously known”, The New York Times reports. Court filings published on Monday refer to “possible criminal activity at plaintiff’s New York county-based Trump Organization dating back over a decade”.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The US president has faced several allegations of tax-dodging since he took office and has fought tooth and nail to keep his financial records out of the public eye. The resulting court battles have been a fixture of his White House tenure.
“Deutsche’s cooperation contrasts with numerous other attempts to access Trump’s financial records... that have been blocked by successful legal challenges,” The Guardian reports.
The German bank, which has lent Trump companies more than $2bn (£1.5m) over the last 20 years, complied with a subpoena issued last year by the Manhattan district attorney’s office, handing over wads of financial information in the process.
Mazars, the global accountancy firm, was also subpoenaed last year as part of the attorney office’s six-year pursuit of the president’s tax returns.
Last week Trump’s legal team submitted an "amended lawsuit”, Fox Business reports, arguing that the “request for his tax returns and other materials was ‘overbroad’ and issued ‘in bad faith’.”
On Monday, he labelled the entire investigation “a continuation of a witch hunt”.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
5 inflammatory cartoons on the L.A. wildfires
Cartoons Artists take on climate change denial, the blame game, and more
By The Week US Published
-
The problems with the current social care system
The Explainer The question of how to pay for adult social care is perhaps the greatest unresolved policy issue of our time
By The Week UK Published
-
Austria's new government: poised to join Putin's gang
Talking Point Opening for far-right Freedom Party would be a step towards 'the Putinisation of central Europe'
By The Week UK Published
-
Silicon Valley: bending the knee to Donald Trump
Talking Point Mark Zuckerberg's dismantling of fact-checking and moderating safeguards on Meta ushers in a 'new era of lies'
By The Week UK Published
-
Will auto safety be diminished in Trump's second administration?
Today's Big Question The president-elect has reportedly considered scrapping a mandatory crash-reporting rule
By Justin Klawans, The Week US Published
-
As DNC chair race heats up, what's at stake for Democrats?
IN THE SPOTLIGHT Desperate to bounce back after their 2024 drubbing, Democrats look for new leadership at the dawn of a second Trump administration
By Rafi Schwartz, The Week US Published
-
'Democrats have many electoral advantages'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Five things Biden will be remembered for
The Explainer Key missteps mean history may not be kind to the outgoing US president
By Elliott Goat, The Week UK Published
-
'A good deal is one in which everyone walks away happy or everyone walks away mad'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Pam Bondi downplays politics at confirmation hearing
Speed Read Trump's pick for attorney general claimed her Justice Department would not prosecute anyone for political reasons
By Rafi Schwartz, The Week US Published
-
Hegseth boosts hopes for confirmation amid grilling
Speed Read The Senate held confirmation hearings for Pete Hegseth, Trump's Defense Secretary nominee
By Peter Weber, The Week US Published