Deutsche Bank has been cooperating with the House Financial Services Committee’s investigation into Donald Trump’s finances, according to the top Democrat leading the probe.

Chairwoman Maxine Waters confirmed the bank was now providing its records of the president’s finances, after previously rebutting Democrats throughout 2017 and 2018.

The bank previously declined to cooperate with Democrats on the committee before they assumed majority power after sweeping the House in the 2018 midterm elections.

Confirming the bank’s cooperation to reporters on Capitol Hill, Ms Waters said on Tuesday the committee was probing “everything” involving Mr Trump’s financial dealings with the bank that was recently fined in a major Russian money laundering scheme.

The chairwoman added she was satisfied with its level of cooperation since Democrats took over the investigation, after Republicans previously rejected their efforts to probe Mr Trump’s ties to Deutsche Bank.

Criminals who worked for Trump Show all 5 1 /5 Criminals who worked for Trump Criminals who worked for Trump Michael Cohen Former lawyer for Donald Trump was sentenced to three years in prison on counts involving evading income tax, false disclosure of the hush money paid to Stormy Daniels and another hush money charge Getty Criminals who worked for Trump Paul Manafort Former campaign manager for Trump Manafort was found guilty in February 2018 of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The crimes occurred prior to his appointment in Trump's campaign Getty Criminals who worked for Trump George Papadopoulos Former Trump campaign adviser Papadopoulos pleaded guilty to lying to the FBI in October 2017. He had lied about making contact with a professor who claimed that the Russians had dirt on Hillary Clinton. He was sentenced to 14 days in jail Getty Criminals who worked for Trump Michael Flynn Former White House National Security adviser Michael Flynn pleaded guilty to lying to the FBI in December 2017. He had lied about conversations that he had with the Russian ambassador to the US during Trump's Presidential campaign. He was not given prison time due to his "significant assistance" to the Mueller investigation Getty Criminals who worked for Trump Rick Gates Deputy chairman of Trump's presidential campaign Gates pleaded guilty to lying to the FBI in February 2018 AFP/Getty

Mr Trump and Deutsche Bank were “deeply entwined” throughout his rise to prominence as a New York real estate mogul, according to a major New York Times report published earlier this month, which alleged the president inflated the value of his assets by as much as 70 per cent.

The extent of Mr Trump’s potential involvement in criminal misconduct with Deutsche Bank remains unclear, as investigators probe other possible financial crimes in addition to the bank’s money laundering.

The bank was previously accused of violating international sanctions, along with money laundering, market manipulation and other illegal practices. It was forced to pay $630m (£476) in fines to the Justice Department in 2017.

At least two congressional committees are currently looking into the president’s dealings with Deutsche Bank.

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