White House and Trump lawyers: President's financial records have not been subpoenaed

David Jackson | USA TODAY

Show Caption Hide Caption Report: Robert Mueller subpoenas Deutsche Bank on Trump's finances Robert Mueller’s Russia investigation is taking a dramatic turn, zeroing in on President Trump’s finances. Nathan Rousseau Smith (@FantasticMrNate) reports.

WASHINGTON – The White House and President Trump's lawyers denied news reports Tuesday that Special Counsel Robert Mueller has subpoenaed financial records related to the president from a German bank.

"No subpoena has been issued or received," Trump attorney Jay Sekulow said. "We have confirmed this with the bank and other sources.”

Trump, who has previously said he would object if Mueller probed his finances as part of his investigation into Russia's interference into the 2016 presidential election, did not comment on Tuesday. Neither did Mueller's office.

News reports out of Germany said Mueller asked Deutsche Bank for data on accounts involving Trump and his family, and that Germany’s largest bank received a subpoena several weeks ago.

The reports did not specify what kind of information Mueller might be seeking.

Denying the reports from the White House on Tuesday, Press Secretary Sarah Sanders said "this is another example of the media going too far, too fast."

More: Mueller's bombshell: Special counsel charges Manafort, Gates and reveals aide's Russia contacts

More: Analysis: After Mueller's first charges, the White House braces for the next ones

When The New York Times asked Trump in July if a Mueller examination of his or his family's finances would be "a breach of what his actual charge is," Trump replied: "I would say yeah. I would say yes."

The president added: "I mean, it’s possible there’s a condo or something, so, you know, I sell a lot of condo units, and somebody from Russia buys a condo, who knows? I don’t make money from Russia."

Deutsche Bank has been linked to both Trump and to Russia money.

The bank has loaned millions of dollars to the Trump Organization, even after other financial institutions had refused to lend to the New York businessman who had a history of bankruptcies.

Deutsche Bank has also been accused before of laundering Russian money.

The bank denied a records request by House Democrats in June, citing privacy laws.

Rep. Adam Schiff, D-Calif., top Democrat on the House Intelligence Committee, said a Mueller subpoena would be welcome, making references to previous news reports that the Russians have compromising information on Trump.

"If Russia laundered money through the Trump Organization, it would be far more compromising than any salacious video and could be used as leverage against Donald Trump and his associates and family," Schiff said.

Mueller's office is investigating any links between Trump's campaign team and Russians who sought to influence the 2016 election by hacking Democratic emails and pushing fake news about Democratic candidate Hillary Clinton.

Trump has denounced the investigation, which has already led to the prosecutions of four former Trump campaign aides, as a "witchhunt."

The special counsel is also investigating whether Trump tried to obstruct justice when he fired FBI Director James Comey in May.

Trump and aides deny that claim, saying Comey was fired because of job performance.

"There is no collusion, there is no obstruction," Sanders said Tuesday. "We're confident that the facts will show that when this is wrapped up."