Report: House committees subpoena Deutsche Bank for information on Trump's finances

Deutsche Bank in Frankfurt, Germany.
(Image credit: Thomas Lohnes/Getty Images)

The House's Intelligence and Financial Services committees have issued subpoenas to Deutsche Bank and three other banks, seeking information on President Trump's finances and their deals with Russians, multiple people with knowledge of the matter told The New York Times on Monday.

Over the last 20 years, Deutsche Bank has lent Trump more than $2 billion, despite his defaults and bankruptcies. A spokeswoman for Deutsche Bank told the Times they are "engaged in a productive dialogue" with the committees. The bank and the committees have been going back and forth for months, the Times reports, with Deutsche Bank arguing that if the subpoena's scope was narrowed, the documents would be ready faster.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.