US Special Counsel Robert Mueller has subpoenaed Donald Trump's Deutsche Bank records

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Alan Dershowitz: No 'Obstruction of Justice' if Trump Just Using His Authority

Special counsel Robert Mueller has issued a subpoena to Germany's largest bank in a possible sign the investigation into Russian election interference may be expanding toward President Trump's finances.

Handelsblatt said the subpoena requested information on the bank's dealings with the Trumps, where Ivanka Trump, the president's daughter, and her husband Jared Kushner are also clients.

Deutsche Bank has previously rejected similar demands, citing privacy laws. (Trump's lawyer denies he meant the tweet this way, and Trump denies Comey's account of their conservation).

Calls and emails to the White House weren't immediately returned before USA office hours.

US Special Counsel Robert Mueller has subpoenaed Donald Trump's Deutsche Bank records

Funds were spent on personnel, travel and office space, the Justice Department said.

Mr Mueller is investigating alleged Russian attempts to influence the 2016 USA presidential election and potential collusion by Trump aides. More significantly, he also is providing details to Mueller about the Trump campaign's approach to Flynn's controversial meeting with a Russian envoy during the presidential transition.

Trump's relationship with Deutsche Bank stretches back some two decades and the roughly $300 million he owes to the bank represents almost half of his outstanding debt, according to a July 2016 analysis compiled by Bloomberg news agency.

Trump borrowed $640m in 2005 from the bank to build Trump International Hotel & Tower in Chicago.

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Deutsche Bank had been one of Trump's most reliable lenders.

The special counsel's budget includes some one-time costs, such as $734,000 for equipment that the Justice Department will keep once the investigation ends, the statement of expenditures said.

Camera IconUS Special Counsel Robert Mueller is looking into the finances of the Trump family.

Democratic senators, including Dianne Feinstein, suggested after the Flynn plea that Mueller might be building an obstruction of justice case against Trump.

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But the development nevertheless represents a significant blow to the president personally and indicates that Mueller is not limiting his probe to Trump campaign officials.

It was also revealed days ago that White House Senior adviser Jared Kushner met with Mueller's team as part of its Russian Federation meddling probe. The president's financial records could potentially show whether Trump owes or has received money from suspects connected to Russian Federation.

The president has repeatedly criticised the Mueller investigation and, this weekend, alleged that the FBI's reputation was "in tatters".

On Monday, as he left the White House for a trip to Utah, Trump restated his sympathy for Flynn and his assertion that prosecutors should have pursued action against his general election rival, Hillary Clinton.

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