Deutsche Bank has handed over Donald Trump's banking information to special counsel Robert Mueller, making it clear that the Russia investigation has moved into the territory of the president's finances.
Deutsche Bank, the German bank that serves as Trump’s biggest lender, was forced to submit documents about its client relationship with the president and some of his family members, who are also Deutsche clients, after Mueller issued the bank with a subpoena for information, according to media reports. The news was first reported by Handelsblatt, the German newspaper.
The bank declined to comment, except to say it always cooperates with authorities, but Trump lawyer Jay Sekulow denied the report.
Rep. Adam Schiff, top Democrat on the House intelligence committee investigating Trump campaign ties to Russia, said this "would be a very significant development.
“If Russia laundered money through the Trump Organization, it would be far more compromising than any salacious video and could be used as leverage against Donald Trump and his associates and family,” Schiff said in a statement. He was referring to a private investigator’s unsubstantiated allegation that the Kremlin had video proof of the president’s involvement in a salacious sex act.
The president is not the only Trump family member to do business with the German bank:
Ivanka Trump, the president’s daughter and adviser in the White House and Kushner’s mother, Seryl Stadtmauer, are also clients of Deutsche Bank.
In a July interview with The New York Times, Trump indicated Mueller would be crossing "a red line" if he looked into the president's personal finances.
Asked if Mr. Mueller’s investigation would cross a red line if it expanded to look at his family’s finances beyond any relationship to Russia, Mr. Trump said, “I would say yes.” He would not say what he would do about it. “I think that’s a violation. Look, this is about Russia.”