Trump's banking data handed over to Mueller

President Donald Trump during a meeting in the Roosevelt Room at the White House on Nov. 28 2017 in Washington DC

President Donald Trump during a meeting in the Roosevelt Room at the White House on Nov. 28 2017 in Washington DC. Kevin Dietsch Pool—Getty Images

US President Donald Trump's bank records will be handed over to special counsel Robert Mueller's investigation into Russian meddling in last year's presidential election.

Mr Mueller issued a subpoena to the bank several weeks ago demanding data on transactions linked to the U.S. president, Reuters news agency and a German newspaper say.

The bank subpoena is the latest sign that the Special Counsel is casting a wide net, potentially going far beyond the original investigation into Russian interference in the election and and searching for any past wrongdoing by the president, his family, his aides, and his associates. Bloomberg says Deutsche Bank cited privacy laws, but said it could share client data if it received a formal request to do so.

In a statement to CBS News, a Deutsche Bank spokesman said, "Deutsche Bank takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter".

Trump has previously said that any attempt to investigate his personal business dealings would go "beyond Mueller's investigative mandate".

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The Trump family conducts its financial transactions through numerous channels, of course, but it's Deutsche Bank in particular that has continued to lend millions to the Trump Organization for real estate deals.

The subpoena was earlier reported by German daily Handelsblatt. Deutsche Bank sources told Handelsblatt that a bank investigation into Trump's business dealings have yet to reveal any evidence of problematic ties to Russian Federation. Bloomberg says that outstanding debt, reported in July, included a $170 million loan for finishing a hotel in Washington, D.C. In 2008 Trump sued the bank to get out of $40 million in guarantees he had made them on his loan.

Former Trump national security adviser Michael Flynn leaves federal court in Washington, Friday, Dec. 1, 2017.

Mueller has also obtained a guilty plea from Trump campaign foreign policy advisor George Papadopoulos.

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