President Donald Trump is expected to file for restraining orders against Deutsche Bank and Capital One by this Friday to prevent the banks from complying with Congressional subpoenas to turn over the president’s financial records, according to a new filing in Manhattan federal court.
Trump, his immediate family and several of his lawyers sued the two banks, which have long dealt with Trump’s business and personal finances, on Monday to quash the Congressional subpoenas, calling them an attempt to “harass” the president and “rummage through every aspect of his personal finances” for anything that could cause Trump “political damage.”
“No grounds exist to establish any purpose other than a political one,” Trump’s suit states.
In a filing submitted on Wednesday, Trump’s lawyers said they would motion for an injunction against Deutsche Bank and Capital One no later than Friday and that lawyers for Congress have agreed to file for a motion to intervene in the case by the same date.
Congress’ lawyers have also agreed to suspend the subpoenas until one week after District Judge Edgardo Ramos rules on Trump’s motion for a preliminary injunction.
The subpoenas were issued in April by the House Intelligence and Financial Services committees, which are chaired by Democratic US Reps. Adam Schiff and Maxine Waters, respectively.
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