Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump's business ties to Deutsche Bank, lawmakers and aides familiar with the plans said.

As the new Democratic House of Representatives majority launches a range of investigations into the Republican president and his businesses, the Intelligence Committee and Financial Services Committee are poised to dig into his ties with Deutsche, one of the world's largest financial institutions.

Democratic lawmakers' aides are discussing how to divide up the investigative work among committees and prevent overlap on requesting documents, aides said.