House committees issue subpoena to Deutsche Bank

Deutsche Bank received a subpoena Monday afternoon from the House Intelligence and Financial Services committees, according to a person familiar with the matter.

The full scope of the subpoena could not be determined. The subpoena is seeking information about loans Deutsche Bank gave to President Donald Trump and the Trump Organization.

Deutsche has about $300 million in loans extended to the Trump Organization. The German lender is one of the few large banks willing to do business with the real estate developer.

The bank has not extended new loans to the company since Trump has taken office.

“Deutsche Bank is engaged in a productive dialogue with the House Financial Services and Intelligence committees,” Deutsche Bank said in a statement. “We remain committed to providing appropriate information to all authorized investigations in a manner consistent with our legal obligations. If you have questions concerning the investigative activities of the committees, we would refer you to the committees themselves.”

This is a breaking story and will be updated.