Trump, his adult children, Donald Jr, Eric and Ivanka, and the Trump Organization had sought a preliminary injunction to prevent Deutsche Bank complying with the subpoenas from the House Financial Services Committee and the House Intelligence Committee, and Capital One from complying with a subpoena from the Financial Services Committee. "The Committees will have reviewed confidential documents that this Court may later determine were illegally subpoenaed". Capital One did not immediately respond to a request for comment.
But U.S. District Judge Edgardo Ramos said Wednesday that Trump's lawsuit was unlikely to succeed. Attorneys for the banks also made no statements during the hearing.
The president had already lost a similar case in a federal court in Washington this week, when a judge found that Trump could not block a Congress subpoena for information from a financial services firm that had done some accounting for him.
The president's lawyers have said they would appeal any ruling that is not in favor of Trump, reported The Hill. Nancy Pelosi, Democrat leader in the House of Representatives, had angered the president before hand by saying he was "engaged in a cover-up". It leaned in. That bank is Deutsche Bank. Deutsche Bank has lent Trump's company millions of dollars over the years.
"Another Day, another very important ruling", House Intelligence Committee Chairman Adam Schiff (D-Calif.) said.
Deutsche Bank has loaned or been a co-lender of at least $2.5 billion to Trump's business, much of it at a time when other banks declined providing money to him, according to a Wall Street Journal report. Trump and the bank eventually settled the case.
Democrats are also asking for Trump's financial records from the IRS. At the time, the bank was negotiating settlements with federal and NY regulators.
Apple introduces new MacBook Pros with faster processors, better keyboards, same thermals
Otherwise, the two MacBook Pros are very much the same, keeping their GPUs and integrated graphics options, memory, and design. There is also another model that gets 2.3GHz 8-Core i9 processor which can be boosted up to 4.8GHz.
During Wednesday's hearing, protesters holding signs stating "Congress has a right to know" and "You can sue but you can't hide" were admonished by the judge after they stood up in the courtroom.
President Trump and the House appear to have reached a narrow agreement that would speed up an appeal in a case where the President is trying to stop a Congressional subpoena for information from his longtime accountant from being enforced.
He said there were about 10 subpoenas sent to individuals or entities that have "nothing to do with Mr. Trump".
Prime Minister Shinzo Abe will be taking U.S. President Donald Trump to a traditional Japanese charcoal grill restaurant in Tokyo's Roppongi nightlife district for an intimate and informal dinner during his visit to Japan starting at the weekend, sources familiar with the matter said Wednesday. Deutsche has likely already paid for whatever crimes might be revealed in these documents (it's paid for so much), but Trump and his family might be unhappy to have Congress learn that they have never properly valued an asset ever.
Mehta, in a ruling deemed by some to have been a "tour de force" on this issue, said that "courts must presume Congress is acting in furtherance of its constitutional responsibility to legislate and must defer to congressional judgments about what Congress needs to carry out that goal".
Speaking to CNN host Wolf Blitzer during a segment on The Situation Room, Washington, D.C. correspondent Kara Scannell discussed what today's ruling means for Trump and when the documents will likely be handed over.