New York attorney general subpoenas two banks related to Trump Organization projects

New York attorney general subpoenas two banks related to Trump Organization projects

Deutsche Bank was Trump's go-to lender for decades, even as other commercial banks stopped doing business with him because of multiple bankruptcies.

Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and Investors Bank for records related to Trump's unsuccessful National Football League bid and several other Trump Organization projects, a source familiar with the matter told ABC News. The investigation appears to be a civil one, according to reporting from the New York Times, which broke the story.

Investors Bank, which is based in New Jersey, was asked for records connected to Trump Park Avenue. It's unclear what penalties Trump could face, but the state attorney general does have the power to dissolve a business in court if her office finds evidence of illegality.

The subpoenas reportedly seek information about the financing of the Trump International Hotel in Washington D.C., the Trump National Doral in Florida and the Trump International Hotel and Tower in Chicago.

Olayinka Fadahunsi, Vice President of Communications at Deutsche Bank in NY, declined to comment on the subpoena. The president's former attorney and fixer told lawmakers that Trump inflated his assets in applications to Deutsche Bank.

Congressional Democrats, the Southern District of NY, and Special Counsel Robert Mueller all have their eyes on President Donald Trump.

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The Trump Organization did not respond to requests for comment from the newspaper.

Mr. Trump was also previously caught in litigation with the bank over outstanding balances on construction loans.

During his testimony in Washington, Cohen produced documents to back up some of his claims - including an alleged hush-money check signed by Trump and a financial statement that Cohen said was fraudulent.

Deutsche Bank isn't the only financial institution that is being sent subpoenas. The former attorney submitted copies of statements he said had been provided to Deutsche.

Deutsche Bank is already the subject of a joint investigation between the House Financial Services and Intelligence Committees into Trump's businesses and money laundering involving Russian Federation.

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