Judge Edgardo Ramos ruled Wednesday that Deutsche Bank and Capital One can hand over President Trump’s financial documents after House Democrats issued a subpoena for them.
Trump sued the banks in April to keep them from complying with the subpoenas from the House Intelligence and Financial Services committees.
The Democrat-led committees are investigating Trump’s financial relationship with Deutsche Bank, which lent Trump more than $2 billion, making it the main lender to his businesses. Capital One has Trump records related to his hotels.
Trump has said he plans to fight “all the subpoenas” by the House Democrats.
“As a private businessman, Trump routinely used his well-known litigiousness and the threat of lawsuits to intimidate others, but he will find that Congress will not be deterred from carrying out its constitutional responsibilities,” Rep. Maxine Waters, D-Calif., and Rep. Adam Schiff, D-Calif., who lead the committees requesting the financial records, said after Trump refused to comply with the subpoenas.
“This lawsuit is not designed to succeed; it is only designed to put off meaningful accountability as long as possible,” they said.
This week, a federal judge for the U.S. District Court for the District of Columbia ruled that Trump’s accounting firm needed to hand over his financial information. Trump had argued the House Oversight and Government Reform Committee did not issue the subpoena with any legitimate oversight purpose.
