Deutsche Bank has begun to cooperate with the House Financial Services Committee’s investigation into President Trump and has turned over records related to its dealings with him, according to Rep. Maxine Waters, D-Calif., the committee chair.
Waters added that she is satisfied with the level of the company’s cooperation and said her committee will look into “everything” in the bank’s records on Trump.
Earlier this month, the New York Times reported that Deutsche Bank officials saw Trump as a “risky” client and knew he had greatly inflated his wealth in loan applications.
“We know that Deutsche Bank has had a reputation for money laundering for a long time,” Waters told MSNBC earlier this month.
“Deutsche Bank is, you know, the bank that [Trump’s] been dealing with and his family has been dealing with.”.
Waters, who is working with House Intelligence Committee chair Adam Schiff, D-Calif., on an investigation into the president’s finances, is also investigating the bank itself for potential financial crimes.
In 2017, Deutsche Bank was fined $630 million by the Justice Department for laundering money out of Russia. »