Deutsche Bank AG and Capital One Financial Corp will not have to immediately hand over the financial records of US President Donald Trump, three of his children and the Trump Organization, according to a court filing on Saturday.
Amid an ongoing legal battle between the Republican president and Democrats in Congress, the agreement to hold off for now on enforcing the subpoenas for Trump’s financial records was a rare accord between Trump’s attorneys, the banks and the House Intelligence and the Financial Services Committees. Parts of the subpoenas have been included in court filings. The subpoena on Deutsche Bank seeks records of accounts, transactions and investments linked to Trump, his three oldest children, their immediate family members and several Trump Organization entities, as well as records of ties they might have to foreign entities.
The subpoena on Capital One seeks records related to multiple entities tied to the Trump Organization’s hotel business. It followed an informal request to the bank by Democratic lawmakers in March seeking records related to potential conflicts of interest tied to Trump’s Washington hotel and other businesses.