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Supreme Court halts subpoena to Deutsche Bank for Trump records | TheHill

posted onDecember 7, 2019
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Article snippet: The Supreme Court on Friday granted MORE's emergency request to temporarily block a congressional subpoena for his financial records from Deutsche Bank. The court's order came just hours after the president's legal team asked for a temporary stay of an appellate court decision ordering Deutsche Bank to comply with subpoenas from the House Financial Services and Intelligence Committees for a broad range of documents concerning Trump's finances and his businesses. Justice MORE, who oversees the Second Circuit Court of Appeals, issued an administrative stay of that court's decision that will be in effect until Dec. 13 while the court deliberates on whether to grant a longer stay and to give Trump's lawyers time to prepare a formal appeal. The committees are investigating Trump's relationship with Deutsche Bank, which had given him $2 billion in loans and is reportedly being investigated for its role in money-laundering scheme involving Russia. Earlier this week, a three-judge panel on the Second Circuit had ruled that there was a "clear and substantial" public interest in granting the House subpoenas to Deutsche Bank and the credit card company Capital One. "It is the interest of two congressional committees, functioning under the authority of a resolution of the House of Representatives authorizing the subpoenas at issue, to obtain information on enforcement of anti-money-laundering/counter-financing of terrorism laws, terrorist financing, the movement of illicit f... Link to the full article to read more

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