New York AG subpoenas Deutsche Bank about Trump investments unearthed in Cohen testimony

During Michael Cohen's testimony to Congress nearly two weeks ago, the former "fixer" of President Donald Trump revealed several possible financial crimes that have sparked an investigation by the New York attorney general.

According to a Monday report by the New York Times, the attorney general's office issued subpoenas to Deutsche Bank and Investors Bank for records relating to the Trump Organization projects noted by Cohen as well as the failed loan to buy the Buffalo Bills in 2014.

"The inquiry opens a new front in the scrutiny of Deutsche Bank, one of the few lenders willing to do business with Donald J. Trump in recent years," The Times reported. "The bank is already the subject of two congressional investigations and was examined last year by New York banking regulators, who took no action."

Cohen testified that Trump inflated his assets in financial statements required when applying for the loan. Cohen gave copies of statements that he gave to Deutsche Bank on Trump's behalf.

The investigation is not a criminal one, according to The Times, though the scope is unclear, because the attorney general has the power to investigate fraud cases and issue fines.