Deutsche Bank faces inquiry from congressional committees

Deutsche Bank, which has long been President Trump’s primary lender, has received an “inquiry” from two congressional House committees.

The subject of the inquiry and its timing were not immediately clear, but House Democrats have sought documents from the German bank for years about whether any of the hundreds of millions of dollars in loans it made to Trump were connected to Russia.

In a statement, Deutsche Bank confirmed that it has received an inquiry from two House committees: Financial Services, led by Rep. Maxine Waters (D-Calif.), and Intelligence, led by Rep. Adam B. Schiff (D-Calif.).

“Deutsche Bank is engaged in a productive dialogue with those committees to determine the best and most appropriate way of assisting them in their official oversight functions. We remain committed to providing appropriate information to all authorized investigations,” the statement said.

The bank had previously refused requests from Democrats that it turn over documents.

Source: The Washington Post

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