New York Attorney General Letitia James has subpoenaed records from Deutsche Bank and Investors Bank.
Cuomo's office didn't immediately respond. Cohen told the House Oversight Committee that the Trump Organization had sometimes inflated the value of its assets on financial statements to get loans, or better rates on insurance. California Rep. Maxine Waters, a Democrat and head of the House Financial Services Committee, said last week that the bank is cooperating.
The subpoenas issued by the attorney general seek loan applications, as well as mortgages, credit lines and other documents related to the Trump International Hotel in Washington, D.C., buildings in Chicago and NY and a golf course in the Miami area. This comes after Michael Cohen claimed Trump inflated his assets in an effort to try and obtain a loan from Deutsche Bank for the purchase of the Buffalo Bills - a loan he didn't receive. Trump could theoretically face criminal bank fraud charges if prosecutors could prove Trump meant to deceive with financial statements and that the bank relied on those figures, said John Coffee, a law professor at Columbia University. Her office is also overseeing a lawsuit against a Trump charitable foundation.
The New York Attorney General's Office has opened an investigation into four major projects of the Trump Organization, the real estate and branding firm owned by President Donald Trump.
Deutsche Bank has also been fined in recent years for its involvement in Russian money-laundering schemes. A Hong Kong-based representative for Deutsche Bank was unable to provide an immediate comment Tuesday.
The president has previously claimed that James and her predecessors in the NY attorney general's office are politically biased and are unfairly targeting him. James' predecessors sued Trump over the operations of Trump University, his real estate school.
Cohen's valuations show a sudden jump in Trump's self-proclaimed worth, from $4.6 billion in 2012 to $8.7 billion a year later, when he was angling to buy the team.