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New York federal prosecutors have subpoenaed Deutsche Bank and Investors Bank for financial records tied to Donald Trump and his family business, a source familiar with the investigation confirmed to CNN.
The probe, led by the US attorney's office in Manhattan, has been ongoing for months and is examining whether Trump inflated his assets on financial statements to obtain favorable loan terms, according to people familiar with the matter.
Trump has repeatedly denied any wrongdoing and blasted the investigation as a politically motivated "witch hunt."
It is another sign of the expanding federal and state investigations into Trump's business dealings and his personal finances.
The Manhattan District Attorney's office is also investigating Trump's finances, and the New York attorney general has sued Trump's charitable foundation.
The Deutsche Bank subpoena seeks records related to Trump's personal and business accounts, as well as any accounts related to the Trump Organization and several of his children, including Donald Trump Jr., Ivanka Trump and Eric Trump, the source said.
The Investors Bank subpoena seeks records related to Trump's Seven Springs estate in Bedford, New York, the source said.
Deutsche Bank has been Trump's longtime lender, and he has repeatedly touted his relationship with the bank, even saying in 2015 that he had "$300 million in cash" from the bank.
But Deutsche Bank has also been fined billions of dollars in recent years for violating anti-money laundering laws and other financial regulations.
Investors Bank is a smaller bank based in New Jersey, and it is not clear why Trump has an account there.
The subpoenas were issued in recent weeks, and it is not clear how long the investigation will take.
A spokesperson for Deutsche Bank declined to comment.
A spokesperson for Investors Bank did not immediately respond to a request for comment.
The Trump Organization did not immediately respond to a request for comment.
