Trump, his children, and his businesses sue Deutsche Bank, Capital One in bid to thwart House subpoenas


Lawyers representing President Trump, his three grown children, and seven Trump Organization companies filed a suit late Monday in a bid to prevent Deutsche Bank and Capital One from complying with congressional subpoenas. Two weeks ago, the House Financial Services Committee and House Intelligence Committee subpoenaed the two banks, requesting information reportedly including potential evidence of money laundering by people in Russia and Eastern Europe.
The lawsuit, filed in federal court in Manhattan, is the latest bid by Trump to shield his personal and business financial records from House Democrats and the public. He has already asked the Treasury Department not to hand over his tax returns and sued his accounting firm and House Oversight Committee Chair Elijah Cummings (D-Md.) to thwart another subpoena.
Monday's lawsuit argues that the House subpoenas "have no legitimate or lawful purpose" and instead are meant to "harass" Trump and "cause him political damage." In a statement, Trump's lawyers Marc Mukasey and Patrick Strawbridge called the subpoenas a "sweeping, lawless, invasion of privacy."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Claiming the House subpoenas are illegitimate or politically motivated is a "frivolous argument, even if it's true," Stanford Law professor David Alan Sklansky tells The Washington Post. "That is not a basis for quashing a subpoena," and in fact, "that's how subpoena power works — it's about getting information that people would like to be kept private." Still, while "this isn't a close legal question," he added, it could delay the House investigation.
The heads of the House committees, Reps. Maxine Waters (D-Calif.) and Adam Schiff (D-Calif.), called the lawsuit "meritless" and "only designed to put off meaningful accountability as long as possible." A Deutsche Bank spokeswoman said the German bank, Trump's largest known lender, remains "committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Today's political cartoons - March 29, 2025
Cartoons Saturday's cartoons - my way or Norway, running orders, and more
By The Week US Published
-
5 tactically sound cartoons about the leaked Signal chat
Cartoons Artists take on the clown signal, baby steps, and more
By The Week US Published
-
Roast lamb shoulder with ginger and fresh turmeric recipe
The Week Recommends Succulent and tender and falls off the bone with ease
By The Week UK Published
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published