Trump sues Deutsche Bank and Capital One to block financial records release

Trump sues Deutsche Bank and Capital One to block financial records release

Trump sues Deutsche Bank and Capital One to block financial records release

The Trumps want a federal judge to declare the subpoenas unlawful and unenforceable.

"Every citizen should be concerned about this sweeping, lawless, invasion of privacy", they said. The Democratic Party is weighing its options for impeachment as it tries to conduct congressional investigations into Trump's finances and his actions detailed in the special counsel's 448-page report.

"We have representation from Deutsche Bank and Capitol One that they will cooperate with us". "That is not a basis for quashing a subpoena".

Eric Trump, executive vice president of The Trump Organization, called Democrats "deranged" and the subpoenas a form of "presidential harassment".

"This lawsuit is not created to succeed; it is only created to put off meaningful accountability as long as possible", the Democratic lawmakers said.

Trump, his three eldest children and the Trump Organisation have launched a lawsuit, arguing that the demands of the Democrat-controlled committees have no legitimate grounds or lawful goal.

His three eldest children and the Trump Organisation joined the lawsuit, which argues there are no legitimate grounds for investigating his business affairs.

Iran to Keep Exporting Crude Oil Despite US Pressure: President
In May 2018, Trump administration pulled the U.S. out of the worldwide Iran Nuclear Deal, re-imposing unilateral sanctions against Iran.

They added, "This unprecedented stonewalling will not work, and the American people deserve better". The suit seeks to block the financial institutions from disclosing information and complying with the subpoenas.

The suit claims that lawyers for the president and his associates requested copies of the subpoenas from committee officials, but that Democrats on Capitol Hill refused.

The banks have not responded to requests for comment. Last week Trump's team sued the accounting firm Mazars USA and House Oversight Committee Chairman Elijah Cummings, D-Md., in order to likewise thwart attempts to obtain the president's financial records. The bank is in the process of turning over documents, including emails and loan documents, related to Trump International Hotel in Washington, DC; the Trump National Doral Miami; the Trump International Hotel and Tower in Chicago; and the unsuccessful effort to buy the NFL's Buffalo Bills.

According to the New York Times, JPMorgan Chase, Bank of America, and Citigroup must also provide documentation. The requests are part of Democratic probes into possible Russian money-laundering.

Deutsche Bank stood nearly alone in extending credit and managing money for Trump before he became president, as other banks avoided him because of his poor track record in paying back loans.

As we've written about over at Dealbreaker more than a few times, Trump's Deutsche Bank loans nearly certainly provide a window into the Trump Organization's habit of not being entirely honest about its finances, but some tinfoil hat types still see them as the likeliest source of Russian leverage over Trump and his family.

FILE - In this June 28, 2018, file photo, President Donald Trump, center, Wisconsin Gov. Scott Walker, left, and Foxconn Chairman Terry Gou, right, participate in a groundbreaking event for the new Foxconn facility in Mt.

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