Democrats in House Focus on Deutsche Bank

Adam Schiff, President of the House Intelligence Service, said his committee would work alongside Finance Committee Chair Maxine Waters to investigate the bank, Trump's main lender. Organization. The two presidents had already expressed interest in Deutsche Bank when they still belonged to the minority of the House.

Deutsche Bank is interested in lawmakers because it is one of the few major banks to agree to lend to the Trump Organization. Trump's companies borrowed more than $ 300 million for a Florida golf course and hotels in Chicago and Washington, according to financial information and public reports released between 2012 and 2015.

Trump's Senior Advisor , Jared Kushner, also revealed the bank's credit line ranging from $ 5 million to $ 25 million that he shares with his mother since 2015.

In a statement on Congressional investigations, Deutsche Bank said : "Deutsche Bank has engaged in a fruitful dialogue with the House's financial and intelligence services committees to determine the best way to assist them in the performance of their official oversight functions, and we remain committed to providing the appropriate information. "

Schiff and Waters issued a joint statement Thursday in which they said:" The financial and intelligence services of the House of Commons The committees have engaged in fruitful discussions with Deutsche Bank and look forward to continuing their cooperation. "

Schiff said that he take action, for example request documents, shortly after the official organization of the commission for the new session of Congress, which is expected to take place next week. [19659006] He stated that the two commissions would work together in some areas but could work separately on issues more closely related to the competence of one committee or the other

"We will work closely together. We have areas of common interest on which we will work together. There may be some areas of particular interest to financial services, and we do, "said Schiff

Schiff said that Deutsche Bank was relevant because there are" serious and credible allegations that the Russians could have a financial leverage on the president, including perhaps the laundering of the Russian currency through his companies. "

As a Democrat on the Financial Services Committee, Waters has already asked Deutsche Bank for information on a Russian money-laundering program of $ 10 billion, which she paid to more than $ 600 million to be settled by the federal and federal supervisory authorities

Deutsche Bank largely ignored Waters' requests for documents at that time, and is now president – a pole with a power of summons. [19659006ButthenewmemberoftheFinancialServicesCommitteeRepublicanPatrickMcHenryrepresentingNorthCarolinaalsosaidthathesupportedfurtherresearchonDeutscheBank

"It is extremely important for the American public to have confidence that Deutsche Bank is adequately addressing the vulnerabilities that have allowed billions of dollars in criminal activity to flow into the international banking system," wrote McHenry.

In response to McHenry's letter, the bank said in a statement: "We remain committed to providing the appropriate information to all authorized investigations."