Deutsche Bank Said to Be Handing Over Trump Documents

Subpoena of records from special counsel Robert Mueller reportedly imminent.

July 21, 2017 11:06 am
Will Deustche Bank Investigation Hurt President Trump?
A view of the headquarters of German bank Deutsche Bank in London on May 5, 2017. (Justin Tallis/AFP/Getty Images)

Debt is a funny thing. You know what Game of ThronesTyrion Lannister might say about it. But given the fact that President Trump is in a lot of it—how much and to whom, nobody knows—that raises a number of red flags as far as the ongoing investigation into his ties to Russia is concerned.

As Vanity Fair notes, one of real estate mogul, not president Trump’s longest-running funders was Deutsche Bank, who loaned him hundreds of millions of dollars throughout the years. Investigators, led by Robert Mueller, are now starting to poke their noses into his personal finances, because they might have a rather juicy story to tell.

Regulators have been in contact with the bank, and are now “reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit, which caters to an ultra-rich clientele,” according to the New York Times. And via The Guardian, subpoenas appear to be imminent for the bank, handed out by Mueller and company.

Over a 20-year period, Trump has reportedly received $4 billion in loans from Deutsche Bank, despite suing it in 2008. Not to mention his daughter, Ivanka, and son-in-law, Jared Kushner, are also reportedly clients of the bank, too.

In a recent interview with the Times, Trump was asked if Mueller’s investigation would be out of bounds if it delved into his personal finances, and the president responded, “I think that’s a violation. Look, this is about Russia.”

The InsideHook Newsletter.

News, advice and insights for the most interesting person in the room.