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Trump impeachment: Banks to present financial records

2 min read

The Trump impeachment case took an interesting turn of events as a federal appeals court on Tuesday maintained a choice enabling congressional committees to subpoena financial records relating to President Trump, his children, the Trump Organization and other entities relating to him.

The decision from the Second Circuit Court of appeals requires the subpoenas given to Deutsche Bank AG and Capital One Financial Corporation from the House Intelligence and Financial Services Committees to be upheld, which would enable the panels to acquire the records.

The reports may exclude the president’s personal tax returns, as Deutsche Bank asserted they don’t have them. The Capitol One subpoena doesn’t list individuals by name however takes into consideration looking for records of the entities’ principals, executives, officials, or investors.

“The mandate shall issue forthwith, but compliance with the three subpoenas and the procedure to be implemented on remand is stayed for seven days to afford Appellants an opportunity to apply to the Supreme Court or a Justice thereof for an extension of the stay,” ruled Judge Jon O. Newman, in expectation that Trump will battle the decision.

Other circuit court decisions focused on subpoenas for records that do incorporate Trump’s expense forms have been immediately tested, with the president applying for remains from the Supreme Court, which were conceded as the judges decide if to hear the cases.

Counsel to the President Jay Sekulow told Fox News late Tuesday: “We believe the subpoena is invalid as issued. In light of the Second Circuit decision, we are evaluating our next options including seeking review at the Supreme Court of the United States.”

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