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| Judge Rejects Trump’s Request to Block Subpoena of Deutsche Bank and Capital One | Judge Rejects Trump’s Request to Block Subpoena of Deutsche Bank and Capital One |
| (32 minutes later) | |
| A federal judge on Wednesday rejected President Trump’s request to block his longtime lender, Deutsche Bank, from complying with congressional subpoenas. | |
| Judge Edgardo Ramos of federal court in Manhattan issued his ruling after hearing arguments from attorneys for Mr. Trump and two Democratic-controlled congressional committees. | Judge Edgardo Ramos of federal court in Manhattan issued his ruling after hearing arguments from attorneys for Mr. Trump and two Democratic-controlled congressional committees. |
| The ruling was the second setback this week for Mr. Trump’s efforts to prevent the release of his financial records, a central issue in his fight against Democrats who won control of the House of Representatives last year. | The ruling was the second setback this week for Mr. Trump’s efforts to prevent the release of his financial records, a central issue in his fight against Democrats who won control of the House of Representatives last year. |
| Deutsche Bank did not immediately respond to a message seeking comment on the ruling. Neither did representatives of the House Financial Services and Intelligence Committees. The bank has said it would comply with whatever the court ultimately decided. | Deutsche Bank did not immediately respond to a message seeking comment on the ruling. Neither did representatives of the House Financial Services and Intelligence Committees. The bank has said it would comply with whatever the court ultimately decided. |
| Mr. Trump, his company and his three eldest children — Donald Jr., Eric and Ivanka — filed their lawsuit on April 29, asking to block Deutsche Bank and Capital One from complying with the subpoenas issued by the two House committees. | Mr. Trump, his company and his three eldest children — Donald Jr., Eric and Ivanka — filed their lawsuit on April 29, asking to block Deutsche Bank and Capital One from complying with the subpoenas issued by the two House committees. |
| Mr. Trump has a long history with Deutsche Bank, the only mainstream financial institution consistently willing to do business with him after a series of defaults left other lenders facing huge losses. | Mr. Trump has a long history with Deutsche Bank, the only mainstream financial institution consistently willing to do business with him after a series of defaults left other lenders facing huge losses. |
| The subpoenas sought decades of personal and corporate financial records, including any documents related to possible suspicious activities detected in Mr. Trump’s personal and business accounts, since 2010. | The subpoenas sought decades of personal and corporate financial records, including any documents related to possible suspicious activities detected in Mr. Trump’s personal and business accounts, since 2010. |
| Lawyers for the Trumps argued that the subpoenas were politically motivated and had no legitimate legislative purpose. | Lawyers for the Trumps argued that the subpoenas were politically motivated and had no legitimate legislative purpose. |
| “The subpoenas were issued to harass President Donald J. Trump; to rummage through every aspect of his personal finances, his businesses and the private information of the president and his family; and to ferret about for any material that might be used to cause him political damage,” the suit said. | “The subpoenas were issued to harass President Donald J. Trump; to rummage through every aspect of his personal finances, his businesses and the private information of the president and his family; and to ferret about for any material that might be used to cause him political damage,” the suit said. |
| The heads of the committees that issued the subpoenas, Representatives Maxine Waters and Adam B. Schiff, have called the suit “meritless” and an attempt to obstruct Congress’s oversight. | The heads of the committees that issued the subpoenas, Representatives Maxine Waters and Adam B. Schiff, have called the suit “meritless” and an attempt to obstruct Congress’s oversight. |
| On Monday, a federal judge in Washington upheld a separate congressional subpoena for financial records from Mr. Trump’s accounting firm, Mazars USA. Mr. Trump’s lawyers have filed a notice of appeal in that case. | On Monday, a federal judge in Washington upheld a separate congressional subpoena for financial records from Mr. Trump’s accounting firm, Mazars USA. Mr. Trump’s lawyers have filed a notice of appeal in that case. |