NY officials investigating ties between banks, Trump Organization projects: report

NY officials investigating ties between banks, Trump Organization projects: report
© Getty Images

The New York attorney general's office has subpoenaed Deutsche Bank and Investors Bank for records connected to four Trump Organization products and an unsuccessful bid to purchase the Buffalo Bills football team on Monday, a person who was informed of the subpoena told The New York Times

The probe by Attorney General Letitia James's (D) office is civil, not criminal, although its focus was not immediately clear, according to the Times. 


The Deutsche Bank subpoena requested loan applications, mortgages and lines of credit relating to the Trump International Hotel in Washington, the Trump National Doral near Miami and the Trump International Hotel and Tower in Chicago, the person told the newspaper. 

A source familiar with the situation confirmed to The Hill that Deutsche Bank received a subpoena and said that the Times’s description of what was requested was accurate. 

"We remain committed to cooperating with authorized investigations,” a Deutsche Bank spokesperson said in a statement. 

The Times said that it was told that the investigation was spurred by the testimony of Trump's former attorney Michael CohenMichael Dean CohenMichael Wolff and the art of monetizing gossip Why the Trump Organization indictment may be far less consequential than the media think Michael Cohen: Weisselberg indictment 'the tip of the iceberg' MORE, who appeared publicly before a House panel last month. Cohen told the House Oversight and Reform Committee that Trump sometimes inflated his assets on financial statements. Cohen noted, in particular, that Trump inflated his assets in a statement to Deutsche Bank when he tried to purchase the Buffalo Bills. 

Deutsche Bank is known as one of the few banks willing to work with Trump. 

The House Intelligence Committee has been looking into a number of issues surrounding the Trump Organization as Democrats have taken control of the lower chamber, including Deutsche Bank loans to the organization.

A spokesperson for the attorney general's office declined The Hill's request for comment.

The Hill has reached out to the Trump Organization and Investors Bank for comment.

Updated at 12:14 p.m.