Trump’s bank has tax records Congress seeking in subpoenas
WASHINGTON — President Donald Trump’s biggest lender has in its possession tax records Congress is seeking in targeting the president’s financial dealings, the bank on Tuesday told a federal appeals court in New York.
The disclosure from Deutsche Bank came in response to a court order as part of a legal battle between Congress and the president over access to Trump’s business records.
The bank’s public redacted response filed Tuesday did not identify by name whose records it has.
The revelation provides new details about the pool of possible documents Congress might obtain. The House Financial Services and Intelligence committees have subpoenaed the banks for years of financial documents from the president, his three eldest children and the president’s companies.
An unredacted letter, with the names of individuals or entities, was also filed under seal and followed a spirited discussion during oral arguments last week. Lawyers for Deutsche Bank and Capital One had refused to answer questions from a three-judge panel about whether the banks have Trump’s tax returns.
At the appeals court in New York last Friday, the president’s lawyers said the House subpoenas overstep congressional authority and are designed to embarrass the president for political purposes.
In a separate letter Tuesday, lawyers for the House told the court that the subpoenas for the president’s tax records are lawful if the banks obtained the tax returns directly from the president or were provided to the banks by the Internal Revenue Service with Trump’s consent.