Waters: Deutsche Bank providing Trump financial records for House probe

The chairwoman of the House Financial Services Committee said Tuesday that Deutsche Bank has begun providing records of its dealings with President TrumpDonald John TrumpJulián Castro: It's time for House Democrats to 'do something' about Trump Warren: Congress is 'complicit' with Trump 'by failing to act' Sanders to join teachers, auto workers striking in Midwest MORE for the panel's probe into the president's finances.

Rep. Maxine WatersMaxine Moore WatersBipartisan housing finance reform on the road less taken Manufacturing group leads coalition to urge Congress to reauthorize Ex-Im Bank Democrats' impeachment message leads to plenty of head-scratching MORE (D-Calif.) said Tuesday that Deutsche Bank has begun cooperating with an investigation into its extensive history with Trump, who borrowed millions of dollars from the bank over several decades.

When asked Tuesday at the Capitol if Deutsche Bank had started to hand over records of it financial relationship with Trump, Waters replied, "Yes."

The chairwoman also said she was satisfied with Deutsche Bank’s cooperation with the probe and that the Financial Services panel is looking into "everything" regarding Trump’s dealings with the bank.

Waters and Rep. Adam SchiffAdam Bennett SchiffHillicon Valley: Lawmakers say Zuckerberg to 'cooperate' on antitrust probes | Dems see victory after McConnell backs election security funds | Twitter takes down fake pro-Saudi accounts Trump asked Ukraine president to investigate Biden's son eight times in one phone call: reports Lawmakers say Zuckerberg has agreed to 'cooperate' with antitrust probe MORE (D-Calif.), chairman of the House Intelligence Committee, are investigating the president’s finances through his ties to Deutsche Bank. The German bank was one of the few financial institutions willing to lend to Trump when others wouldn't deal with him, often using unconventional methods.

The New York Times reported earlier this month that Trump allegedly inflated the value of his assets when applying for loans from Deutsche Bank and used loans from one division of the company to pay off debts to the other.

The dual probe is also focused on potential financial crimes committed by Deutsche Bank, which has paid billions of dollars in fines to settle allegations of money laundering, sanctions violations, market manipulation and risky sales practices.

The Justice Department in 2017 fined Deutsche Bank $630 million for laundering money out of Russia, which some Democrats tied to concerns about collusion between Trump and the Kremlin.

Waters's comments are the latest signal that House Democrats plan to investigate the president’s finances even though Attorney General William BarrWilliam Pelham BarrClarence Thomas, Joe Manchin, Rudy Giuliani among guests at second state visit under Trump Democrats to seek ways to compel release of Trump whistleblower complaint Democrats press Nadler to hold Lewandowski in contempt MORE said Sunday that special counsel Robert MuellerRobert (Bob) Swan MuellerLewandowski says Mueller report was 'very clear' in proving 'there was no obstruction,' despite having 'never' read it Fox's Cavuto roasts Trump over criticism of network Mueller report fades from political conversation MORE concluded that neither Trump nor anyone involved in his presidential campaign conspired with Russia to sway the 2016 election in his favor.

Deutsche Bank had rebuffed Waters's requests for Trump’s financial records throughout 2017 and 2018, when Democrats were the minority party in the House. But the bank said it would cooperate with Waters’s investigation after Democrats captured the House majority in the November midterm elections.

Waters said Tuesday that she was satisfied with Deutsche Bank’s cooperation with the probe so far.

The chairwoman in February called on Congress to step up scrutiny of Trump’s finances after Michael CohenMichael Dean CohenMichael Cohen denies Omarosa advising him in prison Trump sues to block NY prosecutors' subpoena for his tax returns Senior HUD official reprimanded for making political statements on the job MORE, the president’s former attorney, accused the president of misleading tax officials and insurers about the value of his assets.

Republicans have rejected efforts to investigate the president through his connections to Deutsche Bank. But GOP lawmakers, including Financial Services panel ranking member Rep. Patrick McHenryPatrick Timothy McHenryManufacturing group leads coalition to urge Congress to reauthorize Ex-Im Bank Hasan Minhaj tells Congress: Student loan debt is 'sidelining millions of Americans' Hillicon Valley: Trump seeks review of Pentagon cloud-computing contract | FTC weighs updating kids' internet privacy rules | Schumer calls for FaceApp probe | Report says states need more money to secure elections MORE (R-N.C.), have pressed Deutsche Bank about alleged financial crimes unrelated to Trump.