Conflicting Reports Emerge About Subpoena for Deutsche Bank in Trump-Russia Investigation

Former FBI Director Robert Mueller special counsel on the Russian investigation leaves following a meeting with members of the US Senate Judiciary Committee at the US Capitol in Washington DC

Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for documents related to business with President Trump and members of his family. Bloomberg reported that Mueller had issued a subpoena in November to Deutsche Bank, a German lender which Trump has often done business with throughout his career.

A bank spokesman said Tuesday that Deutsche Bank had no comment on the Handelsblatt report.

In June Deutsche Bank cited privacy laws when it rejected a request by House Democrats to provide details of Trump's finances.

Representative Maxine Waters of California and other Democrats have asked whether the bank's loans to Trump, made years before he ran for president, were in any way connected to Russian Federation.

It did not provide information about the Mueller inquiry, but told Bloomberg that it "always cooperates with investigating authorities in all countries".

White House Press Secretary Sarah Huckabee Sanders reiterated Sekulow's denial of the reporting during a press briefing Tuesday afternoon.

The White House has denied that President Donald Trump's financial records had been subpoenaed from Deutsche Bank by the special prosecutor examining allegations of Russian election meddling.

$3.31 Billion in Sales Expected for Kinder Morgan, Inc. (KMI) This Quarter
It is negative, as 70 investors sold KMI shares while 349 reduced holdings. 49 funds opened positions while 128 raised stakes. Public Employees Retirement System Of Ohio invested 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). (NYSE:T).

Trump said that investigating his family's finances would be a "violation" from Mueller.

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United States intelligence agencies have concluded that Moscow tried to sway the presidential election in favour of Mr Trump. A string of bankruptcies at his hotel and casino businesses during the 1990s made most of Wall Street wary of extending him credit.

"No-one from the VTB Group representatives has received a subpoena because there are absolutely no grounds for it", a bank representative said in response to a request from Reuters.

Interested in Russia Investigation?

Deutsche Bank has also come under scrutiny for activities in the same world it shares with Trump, real estate investment.

During his election campaign, Mr Trump said he would seek to improve ties with Russian President Vladimir Putin, which were strained during former president Barack Obama's administration.

Trump has a history of dealings with Deutsche Bank during his career as a NY property mogul, and his businesses owed it around Dollars 300 million in July 2016, according to a Bloomberg analysis. Above, a Deutsche Bank building in London.

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