SPONSORED:

Banks say they take no position in Trump lawsuit over congressional subpoenas

Deutsche Bank and Capital One said in letters filed in court on Tuesday that the banks do not want to take a position in the legal fight between President TrumpDonald John TrumpVenezuela judge orders prison time for 6 American oil executives Trump says he'll leave White House if Biden declared winner of Electoral College The Memo: Biden faces tough road on pledge to heal nation MORE and House Democrats seeking to obtain financial records from the banks.

Each bank made the assertion in separate letters, filed in response to a request from Trump’s lawyers seeking copies of the congressional subpoenas issued to the banks.

ADVERTISEMENT

Deutsche Bank wrote in a brief letter that the “underlying controversy” in the lawsuit — which initially targeted Deutsche Bank and Capital One — is between House Democrats and the president, his family and private businesses.

“As such, Deutsche Bank takes no position,” the letter states.

An attorney for Capital One said as much in a similar letter, writing that it “takes no position with respect to Plaintiffs’ request for an order” requiring the committees to hand over copies of the subpoenas.

Attorneys for the president have stated in previous filings that the banks and lawmakers have both declined to provide them with the actual subpoenas but that Deutsche Bank did give them a summary of the documents request.

The subpoenas, issued by House Financial Services Committee Chairwoman Maxine WatersMaxine Moore WatersOn The Money: Democrats accuse Mnuchin of sabotaging economy in dispute with Fed | Trump administration proposal takes aim at bank pledges to avoid fossil fuel financing | JPMorgan: Economy will shrink in first quarter due to COVID-19 spike Democrats accuse Mnuchin of sabotaging economy in dispute with Fed Maxine Waters says Biden win is 'dawn of a new progressive America' MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffOVERNIGHT DEFENSE: Trump pardons Flynn | Lawmakers lash out at decision | Pentagon nixes Thanksgiving dining hall meals due to COVID-19 Democratic impeachment leaders blast Trump's pardon of Flynn Trump pardons Michael Flynn MORE (D-Calif.), seek years of financial records pertaining to Trump, his family and his businesses.

Trump's lawyers said in a previous court filing that the banks have agreed to not hand over any of the requested materials until a judge makes a ruling on whether to issue a preliminary injunction in the case. 

The president's attorneys on Friday formally requested that a judge issue a preliminary injunction in the case and signaled that they would appeal any ruling not in their favor.

Trump sued the banks late last month in an attempt to block them from handing over the financial documents to Congress. He also filed a lawsuit against House Oversight and Reform Committee Chairman Elijah CummingsElijah Eugene Cummings'Kamala' and 'Kobe' surge in popularity among baby names Women of color flex political might Black GOP candidate accuses Behar of wearing black face in heated interview MORE (D-Md.) to quash a subpoena he issued to the accounting firm Mazars for records pertaining to Trump.

Deutsche Bank Letter by on Scribd

 

 

Capital One Letter by on Scribd