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Trump, House Democrats working to resolve dispute on Deutsche Bank subpoenas

Stock MarketsJun 18, 2021 01:45PM ET
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© Reuters. FILE PHOTO: Former U.S. President Donald Trump speaks at the North Carolina GOP convention dinner in Greenville, North Carolina, U.S. June 5, 2021. REUTERS/Jonathan Drake

By Jonathan Stempel

NEW YORK (Reuters) - Donald Trump and Democrats in the U.S. House of Representatives remain in talks to resolve disputes concerning congressional subpoenas of the former U.S. president's financial records from Deutsche Bank AG (NYSE:DB), their lawyers said on Friday.

Deutsche Bank (DE:DBKGn), long Trump's main bank, has taken no position on the subpoenas and said it would comply with the law.

A joint status report filed in Manhattan federal court did not say whether Trump and the Democrats, who control the House, still believed they were "close to an agreement," as they had been when filing a similar report on May 17.

The lawyers said all parties, including Deutsche Bank, are addressing matters concerning "the scope, logistics, and other factors implicated by the proposed terms of any such resolution to determine the best procedure to move this case forward." They asked a judge for another 30 days to continue talks.

Lawyers for Trump and the Democrats did not immediately respond to requests for comment.

Two House committees had in 2019 subpoenaed Deutsche Bank for years of banking records concerning Trump, his adult children and his businesses.

The House Financial Services Committee was examining possible money laundering in U.S. property transactions, while the House Intelligence Committee was probing whether Trump's dealmaking left him vulnerable to foreign government influence.

Trump opposed the subpoenas, citing the powers he then had as president. Unlike several recent presidents, he declined to make his tax records public.

Last July, the U.S. Supreme Court said Trump did not have an absolute right to block Congress from seeing his records, but said a lower court failed to adequately consider whether lawmakers' demands were overbroad or too intrusive.

The 2019 subpoenas have expired but an agreement on Deutsche Bank's records would eliminate a need for new subpoenas.

Manhattan District Attorney Cyrus Vance has eight years of Trump's tax returns for a criminal probe into the former president and his businesses, after the Supreme Court separately rejected Trump's effort to keep Vance from seeing them.

Trump, House Democrats working to resolve dispute on Deutsche Bank subpoenas
 

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Comments (3)
Ad Cline
Ad Cline Jun 18, 2021 2:24PM ET
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it's not a crime to raise legidiment questions about Trump's business dealings before and during his Presidency. the Trump "family business" has already been found guilty of fraud with his Trump university Con.
John Burton
John Burton Jun 18, 2021 2:24PM ET
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Nor is it a crime to raise questions about payoffs to Biden from multiple sketchy countrys thru his child molesting, drug addict son. 🤔
Brian Walsh
Brian Walsh Jun 18, 2021 2:12PM ET
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Yet not one democratic eyebrow raised at the Biden Family Crime Syndicate and all their unethical & most likely criminal behavior. How does such behavior not compromise the presidency?
Ad Cline
Ad Cline Jun 18, 2021 2:12PM ET
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Brian why didn't you raise the question during the Trump presidency.Trump's "family" business was being run like a crime syndicate before and during his Presidency.
Ad Cline
Ad Cline Jun 18, 2021 2:12PM ET
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there is no Biden family crime syndicate. but there is a Trump "family" crime syndicate that's why its being investigated. the pay to play schemes during his Presidency and then there's the Trump university scam for starters.
Millennial Dip Buyer
Millennial Dip Buyer Jun 18, 2021 2:12PM ET
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Ad Cline Trump isn't in power anymore.  Why does everything you post somehow circle back to Trump or republicans being the fault of everything but never accepting the fact that Biden has made some horrible decisions in his 40+ years of politics?
DJ Ryte
DJ Ryte Jun 18, 2021 1:49PM ET
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A grand waste of taxpayer money and time.
 
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