NEW: Trump, family sue banks to prevent financial documents from being given to Congress.
President Donald Trump, along with his family and the Trump Organization, have filed a lawsuit in federal court in New York against Deutsche bank and Capitol One to prevent them from turning over documents about the Trumps and their business to Congress.“We filed this case to protect the privacy rights of the President, his family and their businesses. The subpoenas issued to Deutsche Bank and Capital One by Chairpersons Schiff and Waters are unlawful and illegitimate.
As one of the Trump Organization’s most reliable lenders in recent years, the German banking giant Deutsche has come under scrutiny from several investigative bodies examining the president’s personal finances. Earlier this month, the House Intelligence and Financial Services committees - chaired by Rep. Adam Schiff, D-Calif., and Rep. Maxine Waters, D-Calif., respectively, jointly subpoenaed Deutsche Bank as part of their ongoing investigation into President Trump’s financial dealings and concerns about foreign influence over the Trump Organization.
In December 2017, special counsel Robert Mueller issued a subpoena to the German bank, though the nature of Mueller’s request was not clear. Just a week ago, Deutsche Bank began turning over financial records related to its business with President Trump, in response to a subpoena from the New York Attorney General’s Office, a source familiar with the matter told ABC News.
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