The New York attorney general is investigating the financing between Investors Bank and Deutsche Bank and several Trump Organization ventures.
The New York Times reported that an unnamed source said the office of Attorney General Letitia James issued subpoenas on Monday to the banks and opened investigations into Deutsche Bank’s dealings with President Trump.
The Trump Organization has received hundreds of millions of dollars from Deutsche Bank to help build its real estate projects, and the bank was one of the few to give Mr. Trump credit after he had a string of bankruptcies during the 1990s.
The Democratic-controlled Congressional Financial Services Committee and Intelligence Committee have been investigating Mr. Trump and his finances after his former personal attorney and fixer, Michael Cohen, testified to Congress that Mr. Trump had exaggerated the worth of his assets in financial documents.
Cohen provided copies of the statements that he said had been given to Deutsche Bank.
Investors Bank was also subpoenaed for its involvement in Mr. Trump’s Park Avenue property.
A spokesperson for Deutsche Bank declined to comment, while the New York attorney general’s office, Mr. Trump’s office and Investors Bank did not respond to The New York Times for immediate comment.
• Bailey Vogt can be reached at bvogt@washingtontimes.com.
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