Banks can hold off handing over Donald Trump’s financial records to Congress pending an appeal, court says
- The filing follows an appeal by Trump and his affiliates against a ruling that the banks should give the documents to Democrats
Deutsche Bank and Capital One will not have to immediately hand over the financial records of US President Donald Trump, three of his children and the Trump Organisation, according to a court filing on Saturday.
The filing in US District Court for the Southern District of New York followed an appeal submitted on Friday by Trump and his affiliates against an existing order from a federal judge allowing the banks to hand over financial records to Democratic lawmakers.
Amid an ongoing legal battle between the Republican president and Democrats in Congress, the agreement to hold off for now on enforcing the subpoenas for Trump’s financial records was a rare accord between Trump’s lawyers, the banks and the House Intelligence and the Financial Services Committees.
“The parties have reached an agreement regarding compliance with and enforcement of the subpoenas” while the appeal to the Second US Circuit Court of Appeals is pending, the filing said.
Parts of the subpoenas have been included in court filings. The subpoena on Deutsche Bank seeks records of accounts, transactions and investments linked to Trump, his three oldest children, their immediate family members and several Trump Organisation entities, as well as records of ties they might have to foreign entities.