Schiff plans to obtain Deutsche Bank records of Trump's personal finances

Rep. Adam SchiffAdam Bennett SchiffBiden to keep Wray as FBI director Biden urged to reverse Pompeo-Trump move on Houthis Angus King warns of 'grave danger' of Trump revealing classified information MORE (D-Calif.) told The New Yorker that he plans to subpoena information on President TrumpDonald TrumpNYT: Rep. Perry played role in alleged Trump plan to oust acting AG Arizona GOP censures top state Republicans McCain, Flake and Ducey Biden and UK prime minister discuss NATO, multilateralism during call MORE's personal business transactions from Deutsche Bank regarding allegations that the president's financial interests in Russia are affecting his foreign policy positions.

Schiff, who will likely chair the House Intelligence Committee come January, said he believes answers to whether Trump was involved in money laundering with Russia lie in records held by the German-owned bank, which Trump banked with extensively during the 1990s.

“Is that why Trump is so pro-Russian? Is his financial interest guiding his foreign policy?” Schiff asked in an interview with the magazine.


“We are going to be looking at the issue of possible money laundering by the Trump Organization, and Deutsche Bank is one obvious place to start,” he continued.

His efforts have the support of House Minority Leader Nancy PelosiNancy PelosiSunday shows preview: All eyes on Biden administration to tackle coronavirus Calls grow for 9/11-style panel to probe Capitol attack Do Democrats really want unity? MORE (D-Calif.), who told The New Yorker that Schiff's takeover of the Intelligence panel would restore credibility to the body.

“I have complete confidence in him to be very strategic in how he returns the Intelligence Committee to a bipartisan arena, without doing what Devin NunesDevin Gerald NunesGOP operative installed as NSA top lawyer placed on administrative leave: reports Pelosi raises alarm after Trump loyalist installed as top NSA lawyer NSA places former GOP political operative in top lawyer position after Pentagon chief's reported order MORE did as chairman of the committee, which I thought bordered on the criminal," Pelosi told the magazine, referring to the Republican congressman from California.

Nunes faced heavy criticism during the House's investigation of Russia's election interference due mainly to his perceived proximity to the White House and complaints from Democrats that the panel was not pursuing lines of investigation that would be inconvenient to the president.

Schiff said there is still much the House can do to investigate Trump's financial ties without impeding the ongoing special counsel investigation, which also subpoenaed records from Deutsche Bank last year.

"The American people have a right to know that their President is working on their behalf, not his family’s financial interests,” Schiff said. “Right now, I don’t think any of us can have the confidence that that’s the case.”