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9 large banks subpoenaed in Trumpf finance probe: report

House Financial Services Committee Chairwoman Maxine Waters, D-Calif., listens during a hearing with the leaders of the big banks, Wednesday, 10. In April 2019, on Capitol Hill in Washington.
(AP Photo/Patrick Semansky)

House Democrats invited nine major banks this week in connection with an investigation into President Trump financial ties, according to a report.

House Intelligence Committee Chairman Adam Schiff, D-Calif., on Monday said that the subpoenas were related to possible “foreign influence in the American political process,” including the question of whether the Russians have laundered money through the Trump organization.

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The banks are JPMorgan Chase &co., Citigroup Inc., Morgan Stanley, Wells Fargo & co., Bank of America, Capital One Financial Group, Deutsche Bank, Royal Bank of Canada and Toronto-Dominion Bank, The Wall Street Journal reported.

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The House Financial Services Committee and the House Intelligence Committee, have already been in a “productive dialogue” with the German Bank that lent the President and his companies more than $ 2 billion over the years

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The number and certain banks pre-charged, it was previously reported already. In a statement Monday, Eric Trump, the summons referred to an unprecedented “abuse of power.”

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