Trump bankers refuse to say to the judges whether they have the president's tax returns

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NEW BOOKS – Attorneys for Deutsche Bank and Capital One repeatedly refuse to say a federal court appeal Friday whether the Trump bank returns President, citing "contractual obligations" to redirect court issues.

Trump is appealing to a district court ruling which cleared the way for the banks to hand over years of financial records from the president, to his three eldest children and companies the president to two House committees.

Towards the end of Friday hearing, the panel asked three judges of the US Court of Appeal for the 2nd Circuit considering the appeal to the banks' solicitors whether the president's tax returns could be included in the documents. which are subject to subcontinctions.

“I'm not asking you what they had at all,” said Judge Jon O. Newman.

“We can't answer that question,” said Raphael Prober, the solicitor for Deutsche Bank, the president's biggest creditor.

“This is a very important issue in this case,” said Newman.

The banks agreed to provide the court with a letter within 48 hours which addressed the matter, but it was unclear what the letter would specify.

Trump's solicitor informed the panel that the House of Finance and Information Services committees were pushing the limits of their powers and that the sub-groups had no legal legislative objective for their banking records.

The committee's solicitor said that the committee members were within their legal rights and that they needed the documents as part of their supervisory duties.

The case is part of a growing fight between Trump and the Progressive Democrats on the president's financial records. Trump has broken for many years of precedent by refusing to release his tax returns and has sent a multi-court effort to keep his financial details confidential.

Deutsche Bank is a large lender for Trump Organization and Kushner Companies, run by Trump's in-law, Jared Kushner, who was now presidential adviser. The Democrats say they want to see if the bank's loans to the businesses of Trump and Kushner could be linked to Russian money laundering.

Trump company gave about $ 364 million of loans from Deutsche Bank from 2012, according to public filing. The loans included $ 125 million worth to purchase and refurbish the Doral golf center in Florida, a $ 170 million loan to restore the former Washington Post Office to the Trump hotel, and a $ 69 million loan to a Trump hotel. in Chicago already refinancing.

Trump's financial exposure and loan records show that all of the loans remain outstanding, although they do not reflect the outstanding balances.

David A. Fahrenthold added to this report.

(tagsToTranslate) Deutsche Bank (t) Trump (t) Capitol One