Trump-Deutsche Bank links in sights of U.S. House investigators
By Mark Hosenball and Ginger Gibson
WASHINGTON, Jan 18 (Reuters) - Democrats now in control of
the U.S. House of Representatives are working out which House
panels will take the lead in investigating President Donald
Trump's business ties to Deutsche Bank, lawmakers and aides
familiar with the plans told Reuters.
As the new Democratic House of Representatives majority
launches a range of investigations into the Republican president
and his businesses, the Intelligence Committee and Financial
Services Committee are poised to dig into his ties with Deutsche
, one of the world's largest financial institutions.
Democratic lawmakers' aides are discussing how to divide up
the investigative work among committees and prevent overlap on
requesting documents, aides said.
Since U.S. voters on Nov. 6 shifted majority control of the
House from the Republicans to the Democrats, the party has been
promising to probe the first two years of Trump's administration
and possible conflicts of interest presented by his hotel, golf
course and other ventures, as well as Trump family members.
White House officials did not respond to a request for
comment. The White House in the past has referred questions
about Trump businesses to the Trump Organization.
Officials at the Trump Organization could not immediately be
reached for comment.
A Deutsche Bank spokesman said: "Deutsche Bank takes its
legal obligations seriously and remains committed to cooperating
with authorized investigations. Our recent record of cooperating
with such investigations has been widely recognized by
regulators. We intend to keep working in this spirit."
The Financial Services Committee, chaired by Democrat Maxine
Waters, has the broadest power to look into Trump's relationship
When the Republicans still controlled the House, Waters
tried in 2017 to request documents from the bank on its dealings
with Trump and his businesses, as well as information about
potential Russian money laundering through the bank.
But the bank told Congress that privacy laws prevented it
from handing over such information without a formal subpoena.
Committee Republicans ignored Waters' request. As chairwoman,
Waters can now issue subpoenas herself.
In recent weeks, Waters has been publicly quiet about her
plans. In a speech on Monday on committee priorities, she made
no mention of the bank. A Waters spokesman declined to comment.
Democratic aides outside the committee said Waters plans to
move quietly on the Deutsche inquiry. She cannot begin formally
issuing subpoenas until after the committee holds its first
business meeting, expected by the end of January.
Deutsche has extended millions of dollars in credit to the
Trump Organization, making the bank one of few willing to lend
extensively to Trump in the past decade.
A 2017 financial disclosure form showed liabilities for
Trump of at least $130 million to Deutsche Bank Trust Company
Americas, a unit of German-based Deutsche Bank AG.
House Intelligence Committee Democrats also want to
investigate Trump and his Deutsche links, said three
congressional officials familiar with committee discussions.
A Judiciary Committee spokesman said it has been consulted.
(Reporting by Mark Hosenball and Ginger Gibson; editing by
Kevin Drawbaugh and Lisa Shumaker)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.