Deutsche Bank reveals it has two individual tax returns tied to House subpoena

Deutsche Bank revealed Friday that it has the tax returns of two individuals who are covered under subpoenas from House committees investigating President TrumpDonald John TrumpTrump says he will 'temporarily hold off' on declaring Mexican drug cartels as terror organization House Judiciary Committee formally receives impeachment report Artist behind gold toilet offered to Trump sells banana duct-taped to a wall for 0,000 MORE's finances.

The bank made the disclosure in a court filing, shedding more light on one of the cases involving efforts to obtain information about Trump's tax returns and financial information.

The tax returns in Deutsche Bank's possession were redacted in a court filing to protect the names of the individuals involved, but the filing narrows down the list of possible candidates, acknowledging that they are individual tax returns and not for Trump corporations or businesses.

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“Based on Deutsche Bank’s current knowledge and the results of the extensive searches that have already been conducted, the Bank has in its possession tax returns (in either draft or as-filed form) responsive to the Subpoenas for two individuals, not entities, named in the Subpoenas,” the court filing reads.

Media organizations are suing to force Deutsche Bank to release the names involved.

The House Intelligence and Financial Services committees served subpoenas to Deutsche Bank and Capital One in April to obtain financial records of Trump, his three oldest children and certain business entities of the president.

Trump, his family members and businesses filed a lawsuit in response to bar the banks from providing lawmakers with the information they are seeking.

A federal appeals court in New York is considering the subpoenas after a district court judge said the banks could provide the records to the House.

Deutsche Bank said in a filing last month that it has “statutory, contractual, and privacy concerns” that make it hesitant to reveal the names of the people whose tax returns they have. 

Democrats have been eager to shine a light on Trump’s finances, a question that was first fueled by his decision to not release his tax returns during the 2016 campaign, claiming he was under an audit. The Internal Revenue Service has maintained that audits do not prevent political candidates from releasing their returns.