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Six Large Banks Just Forked Over a Pile Of Trump Financial Docs To House Democrats

Donald Trump money laundering

While Americans were distracted by Donald Trump’s unhinged rants on Twitter, the investigation into the president’s murky money dealings got into overdrive last week after Trump’s longtime favorite lender Deutsche Bank, along with Bank of America, Citigroup, JPMorgan Chase, Morgan Stanley and Wells Fargo forked over a pile of documents to House Democrats, The Wall Street Journal reported Thursday citing unidentified people familiar with the probe.

The records may provide a back door into learning about Trump’s ties to foreign sources of income, and a way around his lawsuits to block Congressional investigations into his finances.

Trump is waging a legal battle to stop his banks from sharing information with Congress, prompting a courtroom fight that could take months to play out. But getting documents about the finances of Russians could yield insight into Trump’s financial history, even while the wrangling over his own records drags on.

In a separate investigation, the New York attorney general’s office has also obtained a stack of documents from Deutsche Bank relating to Trump’s family business, the Trump Organization, the WSJ said.

Deutsche has handed over emails, loan agreements, and other documents about the Trump Organization to New York Attorney General Letitia James in response to a civil subpoena sent earlier this year.

As noted by the WSJ, The House Intel and House Financial Services Committees have subpoenaed records from Deutsche and Capital One Financial Corp., two banks with significant ties to Trump.

Deutsche has had a longer and deeper relationship with Trump’s family business than any other major global bank, lending him hundreds of millions over the years. Deutsche kept extending Trump credit even after other banks deemed him too risky to touch, raising questions about how he managed to convince the German lender to let him borrow so much.

Congress also received new records about Russians connected to the infamous Trump Tower meeting in June 2016, the Journal reported.


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