Trump loses appeal over House Democrats' Deutsche Bank subpoenas
Posted December 03, 2019 12:00 am
President Donald Trump, under escalating pressure from Democrats weighing his impeachment, suffered a stinging blow as a federal appeals court ordered two banks to provide Congress with his financial records.
The ruling, by a three-judge panel of the U.S. appeals court in New York, means Trump will lose control of his long-secret business and personal accounts at Deutsche Bank AG and Capital One Financial Corp. unless the full court reconsiders the decision or the U.S. Supreme Court blocks it. The court rejected arguments by Trump and the Justice Department that the House Financial Services and Intelligence Committees had no legitimate reason to seek the information.
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