Trump loses court round in U.S. Democratic lawmakers demand for bank documents on his businesses
Reuters
Published May 22, 2019 04:05PM ET
Trump loses court round in U.S. Democratic lawmakers demand for bank documents on his businesses
(Reuters) - U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG (DE:DBKGn) and Capital One Financial Corp (NYSE:COF) from providing financial records to Democratic lawmakers investigating Trump's businesses.
U.S. District Judge Edgardo Ramos ruled at a court hearing in New York that Congress has the legal authority to demand the records, clearing the way for the banks to comply with subpoenas issued to them by two U.S. House of Representatives committees last month.
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Written By: Reuters
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