Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and Investors Bank for records related to Trump's unsuccessful National Football League bid and several other Trump Organization projects, a source familiar with the matter told ABC News.
Deutsche Bank, which couldn't be reached late Monday night for comment, previously has cooperated with other Trump-related inquiries, including a year ago when called on by NY bank regulators.
According to a Monday New York Times report, the inquiry is civil and not criminal in nature, though the scope is still unknown.
During his testimony before Congress, former Trump fixer Michael Cohen said that Trump gave false financial statements to Deutsche Bank. James also requested records linked to Trump's attempts to buy the Bills in 2014.
Under a deal with the New York Attorney General's office, Trump's charity, the Donald J. Trump Foundation, in December agreed to dissolve. In extreme circumstances, the Times noted, the AG even has the authority to break up businesses found to be in violation of those laws. The unit lent Trump more than $100 million in 2012 to pay for the Doral golf resort and $170 million in 2015 to transform the Old Post Office Building in Washington into a luxury hotel.
James's office subpoenaed Investors Bank for documents on the financing of Trump Park Avenue in NY, according to the paper.
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Investors Bank was subpoenaed for records relating to Trump Park Avenue, a project it had backed, the Times reported. No wonder people are fleeing the State in record numbers.
Deutsche Bank and Investors Bank declined to comment.
Investors Bank and the Trump Organization didn't immediately respond to requests for comment late Monday.
James had vowed to investigate Trump in connection to the probe by the special counsel, Robert Mueller III, into potential Russian interference in the 2016 election, the paper writes.
The committees' top Democrats have been interested in Deutsche Bank because it's one of the few big banks willing to lend to the Trump Organization. Trump and his allies have repeatedly expressed fears about the consequences of investigators' examinings his financial and business history.