Trump Deutsche Bank records said to be subpoenaed by Mueller

The Deutsche Bank app logo is seen on a smartphone in this

Democrats have said Trump's relationship with the bank is crucial in the Russia investigation

A source close to the matter said to AFP that Germany's biggest bank had received a subpoena for documents related to its business dealings with the U.S. president, after Bloomberg News and the German business daily Handelsblatt first reported a summons by special counsel Robert Mueller.

Germany's largest bank received a subpoena from Mr Mueller several weeks ago to provide information on certain money and credit transactions, the person said, without giving details, adding key documents had been handed over in the meantime.

Before Trump became president, the bank loaned the Trump Organization hundreds of millions of dollars for various real estate projects. "We have confirmed this with the bank and other sources", Dowd wrote in an email.

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Mueller is investigating alleged Russian attempts to influence the 2016 USA presidential election and potential collusion by Trump aides.

During a photo opportunity with senators at the White House on Tuesday, Mr Trump declined to answer shouted questions from reporters about whether Mr Mueller had crossed a line by asking Deutsche Bank for information.

As of Tuesday morning, neither the White House or Trump had commented on the report.

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During his election campaign, Mr Trump said he would seek to improve ties with Russian President Vladimir Putin, which were strained during former president Barack Obama's administration. 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.

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

Separately, Deutsche Bank has lent Trump up to $170 million for the Old Post Office, a historic Washington property where he has opened a hotel. The bank has settled U.S. and United Kingdom investigations into how it helped Russian clients move money out of the country, but a settlement with the U.S. Department of Justice is still outstanding. Mueller incorporated several ongoing investigations within the Justice Department including those of Trump campaign contacts with Russian Federation, former Trump campaign chairman Paul Manafort's business activities and former national security adviser Michael Flynn.

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On Friday Mueller charged Trump's former national security advisor Michael Flynn with lying to investigators about his contacts with Russian officials.

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