CLEVELAND, OH - JULY 21: Ivanka Trump delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Joe Raedle/Getty Images)
President Donald Trump and his family have filed a lawsuit against Deutsche Bank and Capital One in order to block subpoenas House Democrats have issued in pursuit of Trump’s business records.
Trump’s attorneys argued in the suit — filed in New York — that the subpoenas serve “no legitimate or lawful purpose” and were simply issued for “political” reasons.
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage,” the lawsuit contends. “No grounds exist to establish any purpose other than a political one.”
The House Intelligence and Financial Services Committees both subpoenaed Trump for financial documents. The president’s eldest son, Donald Trump Jr., has also blasted Democrats for their actions regarding Deutsche Bank. He and his siblings Eric Trump and Ivanka Trump also filed the lawsuit.
Subscribe to our free weekly newsletter!
A week of political news in your in-box.
We find the news you need to know, so you don't have to.
The German bank said in a statement that it was “committed to providing appropriate information to all authorized investigations” and that it would cooperate with a court order tied to these inquiries.
SLIDESHOW: TOP DEMOCRATS RUNNING FOR PRESIDENT IN 2020
House Intelligence Chairman Adam Schiff (D-California) and Rep. Maxine Waters (D-California), the House Financial Services chairwoman, both rebuked Trump in a statement.
“As a private businessman, Trump routinely used his well-known litigiousness and the threat of lawsuits to intimidate others, but he will find that Congress will not be deterred from carrying out its constitutional responsibilities,” they said.
President Donald Trump insisted he's "not trolling" about his demands to acquire Greenland and make…
President Donald Trump criticized Ukrainian President Volodymyr Zelensky for refusing to acknowledge Russia's control of…
President Donald Trump invited the top 220 investors of his cryptocurrency, $Trump, to a private…
China has denied President Donald Trump's claims about trade talks with the United States as…
After Tesla reported that profits had plunged by 71%, CEO Elon Musk vowed to spend…
Rep. Elise Stefanik (R-NY) is considering challenging New York Gov. Kathy Hochul in the 2026…
