News

Law & the Courts

Court Rules Deutsche Bank Must Turn Over Trump Financial Records

The logo of Deutsche bank is seen in Hong Kong, China (Tyrone Siu/Reuters)

A federal appeals court ruled on Tuesday that Deutsche Bank must comply with subpoenas from House Democrats to turn over documents pertaining to President Trump’s finances.

Deutsche Bank is Trump’s biggest lender, and records from the bank would reveal extensive information about his business dealings and partners. Democrats have also subpoenaed Capital One for Trump’s financial records with the bank, in a court case that is still ongoing.

Trump has sued both banks to block release of the records.

“The [House] committees’ interests in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive’s distraction arising from disclosure of documents reflecting his private financial transactions,” read the ruling from the U.S. Court of Appeals for the Second Circuit. The court gave Trump’s legal team seven days to appeal.

The court also ruled that any disclosure of documents should be done in such a way as to protect the personal information of anyone not directly related to the investigation into Trump’s business dealings, such as checks signed by Trump or his associates to pay for employee medical expenses.

House Democrats have sought to force Trump to reveal his tax returns through the courts. Meanwhile, Manhattan District Attorney Cyrus Vance subpoenaed Trump’s accounting firm, Mazars LLP, for the President’s financial records to investigate whether Trump violated New York State campaign finance laws during the 2016 presidential elections.

The Supreme Court ruled in a separate case on November 26 that Trump is not required to release his financial records while the court decided whether to deliberate on the case.

Zachary Evans is a news writer for National Review Online. He is a veteran of the Israeli Defense Forces and a trained violist.

Most Popular

PC Culture

Women Lie Too

Elizabeth Warren says Bernie Sanders once told her that a woman couldn't win the presidency. Bernie Sanders says Elizabeth Warren is lying about the encounter. I have no idea whom to believe. Some notable people on Twitter have wondered if maybe, considering all that happened during the #MeToo movement, ... Read More
PC Culture

Women Lie Too

Elizabeth Warren says Bernie Sanders once told her that a woman couldn't win the presidency. Bernie Sanders says Elizabeth Warren is lying about the encounter. I have no idea whom to believe. Some notable people on Twitter have wondered if maybe, considering all that happened during the #MeToo movement, ... Read More
Politics & Policy

The Botched Democratic Case for Witnesses

The fate of the republic, we are now supposed to believe, hinges on whether there are witnesses at a Senate impeachment trial. Upon the long-anticipated transmittal of the articles of impeachment to the Senate, House Judiciary Chairman Jerry Nadler said if the upper chamber doesn’t obtain the witnesses and ... Read More
Politics & Policy

The Botched Democratic Case for Witnesses

The fate of the republic, we are now supposed to believe, hinges on whether there are witnesses at a Senate impeachment trial. Upon the long-anticipated transmittal of the articles of impeachment to the Senate, House Judiciary Chairman Jerry Nadler said if the upper chamber doesn’t obtain the witnesses and ... Read More
Elections

Bernie Is Not Normal

The most substantively outrageous presidential campaign in American history has some serious chance of success. Bernie Sanders is leading or near the top of most polls in the first two Democratic nominating states, Iowa and New Hampshire. He could plausibly win both, which would instantly transform the race ... Read More
Elections

Bernie Is Not Normal

The most substantively outrageous presidential campaign in American history has some serious chance of success. Bernie Sanders is leading or near the top of most polls in the first two Democratic nominating states, Iowa and New Hampshire. He could plausibly win both, which would instantly transform the race ... Read More