In a letter sent to a New York federal appeals court on Tuesday, Deutsche Bank confirmed that if it responds to a House subpoena related to President Trump, lawmakers will see people's tax returns, CNN reports.
The House has requested Deutsche Bank turn over financial records for Trump; his children Donald Trump Jr., Ivanka Trump, and Eric Trump; other close relatives; the Trump Organization; a Trump trust; and additional Trump businesses. The tax returns might belong to individual Trump family members, but Deutsche Bank would not publicly reveal the names, saying there are "statutory, contractual, and privacy concerns." The bank did tell the court whose tax returns would be handed over to lawmakers, but the names are redacted from the public record.
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.
-
What's next for Elon Musk?Today's Big Question The world's richest man has become 'disillusioned' with politics – but returning to his tech empire presents its own challenges
-
Quiz of The Week: 24 – 30 MayHave you been paying attention to The Week's news?
-
The Week Unwrapped: Will Europe beat China and India to the North Pole?Podcast Plus, is the man who designed the iPhone going to kill his own creation? And what's going on at the equalities watchdog?
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed 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
