Special counsel subpoenas Deutsche Bank on President Trump's finances

Special counsel subpoenas German bank for Trump account details: Reuters source

Special counsel subpoenas German bank for Trump account details: Reuters source

Bloomberg and the Wall Street Journal on Wednesday corrected contested reports that special counsel Robert Mueller had subpoenaed President Donald Trump's bank records.

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. It's unknown if the subpoena is related to Mueller's investigation into Russian meddling in the 2016 election, or rather part of a separate investigation. In fact, the president publically said to ... This was the middle of the financial crisis, a fact Trump tried to leverage in court, arguing he should not have to repay money he owed Deutsche Bank because it was "one of the banks primarily responsible for the economic dysfunction we are now facing".

Deutsche Bank management is ready to share information about the lender's dealings with Trump and is hopeful that doing so will help end the series of inquiries from Democrats, an executive at the bank, who asked not to be identified discussing private deliberations, has previously told Bloomberg News.

Trump's biggest lender, followed the orders of a subpoena to turn over all documents relating to ties with the Trump family, according to the report.

"We confirmed that the news reports that the special counsel had subpoenaed financial records related to the president are completely false", Sanders said. "The subpoena concerns people or entities close to Mr. Trump".

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Deutsche Bank has been served.

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.

President Donald Trump (L) shakes hands with James Comey, former director of the Federal Bureau of Investigation (FBI), during an Inaugural Law Enforcement Officers and First Responders Reception in the Blue Room of the White House on January 22, 2017 in Washington, DC. Allegedly the bank helped finance the renovation of the Old Post Office in Washington, the purchase of the Doral golf course in Florida and the construction of an office building in Chicago. The bank sued to force Trump to pay a portion of the debt: $40 million plus legal fees and interest.

AFP reported late Tuesday that the subpoena sought information about Paul Manafort, the former Trump campaign official who was indicted in October.

In a July 9 interview with the New York Times, Trump said Mueller should not extend his investigation into Trump's finances if they were not directly related to the Russian Federation accusations. But it was not immediately clear what their relationship with the bank is or had been.

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