US president and three of his children sued Deutsche Bank and Capital One, in a bid to prevent them from passing information to House members.
Last month, lawmakers in the intelligence and finance committees of the Congress’ lower assembly issued subpoenas for the two lenders and several other financial institutions. Deutsche Bank has since reportedly started to transfer documents.
After US lawmakers demanded Donald Trump’s financial records from Deutsche Bank and Capital One, the US president sued to stop the release. The subpoenas would serve to “ferret” for damaging material, the lawsuit says.
According to the lawsuit filed on Monday on Trump’s behalf in New York, the lawmakers’ demands were purely “political.”
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the president and his family, and to ferret about for any material that might be used to cause him political damage,” the document said.