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House Defends Subpoenas for Trump’s Deutsche Bank Records (1)

July 12, 2019, 10:52 AM

Two committees of the Democrat-controlled U.S. House of Representatives defended their subpoenas to Deutsche Bank AG and Capital One Financial Corp. for President Donald Trump’s personal financial records.

The House Financial Services Committee and Intelligence Committee urged the federal appeals court in New York to reject Trump’s attempt to block the subpoenas, arguing that Congress has broad authority to investigate and that the demands for Trump’s records are proper.

The committees “are investigating serious and urgent matters concerning the safety of certain banking practices, money laundering in the financial sector, foreign influence in the U.S. political process, and the counterintelligence...

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