(22 May 2019) A federal judge in New York refused Wednesday to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump.
U.S. District Judge Edgardo Ramos said in a ruling delivered from the bench that Trump and his company were unlikely to succeed in a lawsuit arguing that the subpoenas seeking records from Deutsche Bank and Capital One were unlawful and unconstitutional.
Ramos also concluded that the subpoenas have "a legitimate legislative purpose."
The lawyers for the House Financial Services and Intelligence committees say they need access to documents from the banks to investigate possible "foreign influence in the U.S. political process."
Deutsche Bank has lent Trump's real estate company millions of dollars over the years.
The hearing falls two days after a federal judge in Washington ruled against Trump in a similar case, finding that the president cannot block a House subpoena for information from a financial services firm that had done accounting work for him and the Trump Organization.
The ruling is the second blow in New York on Wednesday to the privacy of Trump's financial details. State lawmakers earlier passed a measure that would allow the president's tax returns to be released to congressional committees.
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