The Real Deal New York

Mueller subpoenas Deutsche Bank for records of people “affiliated” with Trump

The special counsel is looking at financial information of people close to the president's family
December 05, 2017 12:50PM

From left: Donald Trump, John Cryan, the Trump International Hotel in DC and Robert Mueller (Credit: Trump Hotels and Getty Images)

UPDATED: Monday, Dec. 11, 5:02 p.m.: Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for banking records of people close to President Trump.

The Guardian reported that investigators have since received records from people “affiliated” with the president.

The special counsel is investigating whether the Trump campaign colluded with Russians connected with the Kremlin in the lead-up to the 2016 election. The Deutsche subpoenas were sent several weeks ago, according to the Bloomberg report.

Deutsche has previously denied similar requests for documents made by Democratic lawmakers, who wanted more information on $300 million Trump owes Deutsche from past real estate loans. Congresswoman Maxine Waters specifically wanted to investigate whether those loans had any connection to Russia.

Deutsche has settled multiple investigations related to how it helped Russian clients move money out of that country and into the United States, but after its own internal review to see if Trump’s business ever overlapped with its so-called “mirror trading” services for Russians, Deutsche found that it had not.

According to numerous reports, Mueller’s investigation expanded significantly this summer to include not only the president’s business dealings, but those of officials such as Commerce Secretary Wilbur Ross and White House senior adviser Jared Kushner, whose family real estate firm Kushner Companies is also a client of Deutsche. [Bloomberg and The Guardian] — Will Parker

Correction: This story was updated to reflect corrections issued by both Bloomberg and The Guardian. Both outlets initially reported that Special Counsel Mueller subpoenaed Deutsche Bank for President Trump’s personal financial records, but later updated their stories to say the subpoenas were instead issued for people “affiliated” with the president.