US House committees issue subpoenas to multiple financial institutions for probe on President Trump’s finances
US President Donald Trump waves prior to departing on a trip to Wisconsin from the White House in Washington, US., October 24, 2018.
“The potential use of the US financial system for illicit purposes is a very serious concern. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible,” the committee’s chair, Maxine Waters, said in a statement.
Deutsche Bank said in January, shortly after Democrats took control of the House following the November elections, that it had received an inquiry from the two committees on its ties to the Republican president.
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