The Second Circuit Court of Appeals on Tuesday said that Deutsche Bank and Capital One must comply with a subpoena from the Democrat-controlled US House of Representatives demanding the financial records of President Trump and his children.
"The Committees' interests in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive's distraction arising from disclosure of documents reflecting his private financial transactions," the three-judge panel ruled in a 2-1 split decision.
In August, Trump filed an appeal to block Deutsche Bank and Capital One from providing the records, after a New York district judge declined to block the subpoenas issued by the House Intelligence and Financial Service committees in April amid their investigations into foreign influence.
In October, Deutsche Bank said in a letter that while it has some of the records the House seeks, they don't have Trump's tax returns.
We imagine Trump will appeal to the Supreme Court next.