Trump loses appeal to block Deutsche Bank, Capital One from handing over his financial records to Congress

A federal appeals court ruled Tuesday that it would not block congressional subpoenas for President Donald Trump’s financial records from Deutsche Bank and Capital One, affirming a lower court ruling and dealing the president another legal blow.

Trump and several members of his family sued Deutsche Bank and Capital One this year seeking to block them from responding to the subpoenas issued by House Democrats, which they said had “no legitimate or legislative purpose.” The Democratic-controlled House Intelligence and Financial Services committees issued the subpoenas in April as part of investigations into alleged foreign influence in U.S. elections.

Article URL : https://www.nbcnews.com/politics/donald-trump/trump-loses-appeal-block-banks-handing-over-his-financial-records-n1094831