Appeals Court Rules Against Trump on Subpoenas to Deutsche Bank, Capital One
December 03 2019 - 12:10PM
Dow Jones News
By Brent Kendall
A federal appeals court ruled House Democrats can enforce
subpoenas to two banks that seek President Trump's financial
records, as well as those of his family and their businesses.
The New York-based U.S. Court of Appeals for the Second Circuit
on Tuesday rejected Mr. Trump's request to block the subpoenas,
which House committees issued earlier this year to Deutsche Bank AG
and Capital One Financial Corp.
The court said Congress had valid and lawful purposes for
seeking the documents, even though the information was about the
Trump family's private financial and business affairs.
The court said the documents were relevant for investigations by
the House Financial Services and Intelligence Committees into the
movement of illicit funds through the global banking system and
efforts by foreign entities to influence the U.S. political
process.
The Second Circuit did order some limited exceptions to the
subpoenas in order to prevent disclosure of sensitive personal
information about the Trump family.
The appeals court agreed to stay its ruling for a week in order
to give Mr. Trump the opportunity to seek emergency intervention
from the Supreme Court.
The case is similar to one that has been litigated in
Washington, D.C., in which House Democrats have sought records from
Mr. Trump's longtime accounting firm. The Supreme Court last month
suspended those subpoenas for now while the president mounts a high
court appeal.
Write to Brent Kendall at brent.kendall@wsj.com
(END) Dow Jones Newswires
December 03, 2019 11:55 ET (16:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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