Deutsche Bank says records sought in Trump congressional probe include tax returns

NEW YORK (Reuters) – Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG include tax returns, the bank disclosed in a court filing on Tuesday.

Two committees in the U.S. House of Representatives subpoenaed Deutsche Bank in April to provide financial records belonging to the president and his children Donald Trump Jr., Ivanka Trump and Eric Trump.

Deutsche Bank’s filing, in the 2nd U.S. Circuit Court of Appeals, revealed that it had tax returns that it would need to hand over if it complied with the subpoenas, which the Trumps are seeking to block. It was not clear whose tax returns it had, because names were redacted from the filing.

A lawyer for the Trumps could not immediately be reached for comment. Deutsche Bank declined to comment.

The disclosure comes as Democrats on the House Ways and Means Committee are seeking to obtain Trump’s personal and business tax returns, which the president has refused to turn over, from the Treasury Department.

Deutsche Bank has long been a principal lender for Trump’s real estate business. A 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank.

Source: REUTERS

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