NATIONAL NEWS

Trump Sues Banks To Block House Subpoenas For Records

Apr 30, 2019, 6:22 AM | Updated: Jun 8, 2022, 5:10 pm
(Photo by Win McNamee/Getty Images)
(Photo by Win McNamee/Getty Images)

WASHINGTON (AP) — President Donald Trump, his family and the Trump Organization filed a lawsuit against Deutsche Bank and Capital One in an attempt to block congressional subpoenas seeking their banking and financial records.

The lawsuit by Trump, sons Donald Jr. and Eric and daughter Ivanka was filed Monday in federal court in New York. The Trump Organization and the Donald J. Trump Revocable Trust are among the other plaintiffs.

Two House committees subpoenaed Deutsche Bank and several other financial institutions earlier this month as part of investigations into the Republican president’s finances.

House Intelligence Committee Chairman Adam Schiff, D-Calif., said at the time that the subpoenas were part of an investigation “into allegations of potential foreign influence on the U.S. political process.” He has said he wants to know whether Russians used laundered money for transactions with the Trump Organization. Trump’s businesses have benefited from Russian investment over the years.

The Trumps want a federal judge to declare the subpoenas unlawful and unenforceable. The lawsuit also seeks to block the financial institutions from disclosing information and complying with the subpoenas.

“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 lawsuit said.

The suit also charges that the congressional committees — the House intelligence committee and the House Financial Services Committee — “ignored the constitutional limits on Congress’ power to investigate” and that the subpoenas “lack any legitimate legislative purpose.”

When the subpoenas were issued April 15, Eric Trump, executive vice president of The Trump Organization, called the subpoenas “an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the President and our family for political gain.”

Deutsche Bank, a German asset management firm, has lent Trump’s real estate organization millions of dollars over time.

“We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” Deutsche Bank spokeswoman Kerrie McHugh said in a statement Tuesday.

Capital One did not immediately respond to a request for comment.

___

This story has been corrected to show Trump wants a judge to declare the subpoenas unenforceable, not enforceable.

KSL 5 TV Live

Top Stories

National News

The near-collision happened at Austin-Bergstrom International Airport, seen here from the air. (Kir...
Greg Wallace and Pete Muntean

Southwest, FedEx jets came within 100 feet of collision at Texas airport, investigators say

A Southwest passenger jet and a FedEx cargo plane came as close as 100 feet from colliding Saturday at the main airport in Texas' capital, and it was a pilot — not air traffic controllers — who averted disaster, a top federal investigator says.
1 day ago
In this handout photo provided by the Las Vegas Metropolitan Police Department, Nathan Lee Chasing ...
Rio Yamat, Associated Press

‘Dances With Wolves’ actor charged in Nevada sex abuse case

Former “Dances With Wolves” actor Nathan Chasing Horse has been formally charged in Nevada with eight felonies and two misdemeanors.
1 day ago
police tape outside of a Virginia elementary school...
Denise Lavoie and Ben Finley, Associated Press

Boy who shot teacher allegedly tried to choke another

An attorney for a teacher who was shot and wounded by a 6-year-old Virginia boy says in a legal notice that the first-grader constantly cursed at staff and teachers, chased students around and tried to whip them with his belt and once choked another teacher “until she couldn’t breathe.”
1 day ago
IN SPACE - FEBRUARY 8: In this handout photo provided by SpaceX, a Tesla roadster launched from the...
Jackie Wattles

SpaceX put a Tesla sportscar into space five years ago. Where is it now?

It's been half a decade since Elon Musk launched his own Tesla car into space with a SpaceX rocket, but where is it now?
1 day ago
AMC raises seat prices...
Associated Press

AMC to charge more for good seats in movie theaters

Middle seats at many U.S. movie theaters just got more expensive.
1 day ago
ATLANTA, GEORGIA - NOVEMBER 10: In this photo illustration, the FTX website is seen on a computer o...
Allison Morrow

FTX to politicians: Give us back our donations or we’ll sue you

New FTX management is pressuring hundreds of politicians and political organizations to return millions of dollars donated by them or its founders before it went bankrupt.
1 day ago

Sponsored Articles

vintage photo of lighting showroom featuring chandeliers, lamps, wall lights and mirrors...
Lighting Design

History of Lighting Design | Over 25 Years of Providing Utah With the Latest Trends and Styles

Read about the history of Lighting Design, a family-owned and operated business that paved the way for the lighting industry in Utah.
Fiber Optical cables connected to an optic ports and Network cables connected to ethernet ports...
Brian Huston, CE and Anthony Perkins, BICSI

Why Every Business Needs a Structured Cabling System

A structured cabling system benefits businesses by giving you faster processing speeds and making your network more efficient and reliable.
notebook with password notes highlighted...
PC Laptops

How to Create Strong Passwords You Can Actually Remember

Learn how you can create strong passwords that are actually easy to remember! In a short time you can create new ones in seconds.
house with for rent sign posted...
Chase Harrington, president and COO of Entrata

Top 5 Reasons You May Want to Consider Apartment Life Over Owning a Home

There are many benefits of renting that can be overshadowed by the allure of buying a home. Here are five reasons why renting might be right for you.
Festive kitchen in Christmas decorations. Christmas dining room....
Lighting Design

6 Holiday Decor Trends to Try in 2022

We've rounded out the top 6 holiday decor trends for 2022 so you can be ahead of the game before you start shopping. 
Happy diverse college or university students are having fun on their graduation day...
BYU MBA at the Marriott School of Business

How to Choose What MBA Program is Right for You: Take this Quiz Before You Apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.
Trump Sues Banks To Block House Subpoenas For Records