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 TrumpFive takeaways from the Democratic debate As Buttigieg rises, Biden is still the target Leading Democrats largely pull punches at debate MORE for the panel's probe into the president's finances.

Rep. Maxine WatersMaxine Moore WatersOn The Money: House passes monthlong stopgap | Broader spending talks stall | Judge orders Democrats to give notice if they request Trump's NY tax returns | Progressives ramp up attacks on private equity Federal regulators clear BB&T-SunTrust merger, creating sixth-largest US bank Progressive Democrats ramp up attacks on private equity 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."

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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 SchiffNunes's facial expression right before lawmakers took break from Sondland testimony goes viral Sondland brings impeachment inquiry to White House doorstep Maloney wins House Oversight gavel 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.

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Waters's comments are the latest signal that House Democrats plan to investigate the president’s finances even though Attorney General William BarrWilliam Pelham BarrGOP rep predicts watchdog report on alleged FISA abuses will find 'problems' Barr defends Trump's use of executive authority, slams impeachment hearings GOP eager for report on alleged FBI surveillance abuse MORE said Sunday that special counsel Robert MuellerRobert (Bob) Swan MuellerHouse impeachment hearings: The witch hunt continues Speier says impeachment inquiry shows 'very strong case of bribery' by Trump Gowdy: I '100 percent' still believe public congressional hearings are 'a circus' 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 CohenWill Republicans continue to engage in willful blindness? 3 reasons why impeachment fatigue has already set in Day 2 impeachment ratings drop by more than 1 million from first day 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 McHenryOn The Money: House passes monthlong stopgap | Broader spending talks stall | Judge orders Democrats to give notice if they request Trump's NY tax returns | Progressives ramp up attacks on private equity Progressive Democrats ramp up attacks on private equity House passes Ex-Im Bank reboot bill opposed by White House, McConnell MORE (R-N.C.), have pressed Deutsche Bank about alleged financial crimes unrelated to Trump.