Deutsche Bank

Deutsche Bank tells court that it does not have Trump's tax returns

Trump at Trump Tower
Photo: Eduardo Munoz Alvarez/AFP/Getty Images

The Second Circuit Court of Appeals has denied a request from various media outlets to unseal two redacted names included in a Deutsche Bank letter responding to House subpoenas for President Trump and his family's tax returns.

"[T]he unredacted letter from Deutsche Bank has removed that potential issue from the appeal because that letter reports that the only tax returns it has for individuals or entities named in the subpoenas are not those of the President. In light of that response, information in the sealed letter, i.e., the identity of the two taxpayers whose tax returns Deutsche Bank has, is not relevant to any issue we need to decide."

Deutsche Bank has Trump's tax records sought by House Democrats

President Donald Trump speaks to reporters before boarding Marine One from the South Lawn of the White House in Washington, DC
President Donald Trump speaks to reporters at the White House in Washington, D.C. Photo: Mandel Ngan/ AFP/Getty Images

Deutsche Bank confirmed in a letter Tuesday that it has tax returns subpoenad by House Democrats seeking financial information on President Trump and his family.

The big picture: The disclosure was filed in response to an appeals court order amid a legal battle between Congress and the president over access to Trump’s business records, per the Washington Post. The court is considering a request by Trump to block access to financial records at the German bank and Capital One Financial Corp., Bloomberg notes. The bank’s public redacted response does not identify its client by name.