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 TrumpTrump: 'I will not let Iran have nuclear weapons' Rocket attack hits Baghdad's Green Zone amid escalating tensions: reports Buttigieg on Trump tweets: 'I don't care' MORE for the panel's probe into the president's finances.

Rep. Maxine WatersMaxine Moore WatersDemocrats are running out of stunts to pull from impeachment playbook Maxine Waters: Trump 'has done everything that one could even think of to be eligible for impeachment' Maxine Waters: Parts of Trump immigration plan are 'very racist' 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 SchiffSchiff: Impeachment proceedings could be 'tool' to get information, evidence Schiff: Escalating Iran tensions 'all too predictable' 5 things to watch as Trump, Dems clash over investigations 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 BarrClash with Trump marks latest break with GOP leaders for Justin Amash Schiff: Impeachment proceedings could be 'tool' to get information, evidence Trump fires back at 'loser' GOP lawmaker who said he'd engaged in 'impeachable conduct' MORE said Sunday that special counsel Robert MuellerRobert (Bob) Swan MuellerSasse: US should applaud choice of Mueller to lead Russia probe 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 CohenStormy Daniels reaches settlement with Michael Cohen, ex-lawyer  Trump associate gave US government Osama bin Laden's phone number, judge says The Hill's Morning Report - Presented by Pass USMCA Coalition - After GOP infighting, Trump Jr. agrees to testify again 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 McHenryExport-Import Bank back to full strength after Senate confirmations Top Financial Services Republican presses regulators on Dodd-Frank rollbacks Dems digging into Trump finances post-Mueller MORE (R-N.C.), have pressed Deutsche Bank about alleged financial crimes unrelated to Trump.