Judge Rejects Trump’s Request to Block Subpoena of Deutsche Bank and Capital One

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A federal judge on Wednesday rejected President Trump’s request to block his longtime lender, Deutsche Bank, from complying with congressional subpoenas.

Judge Edgardo Ramos of federal court in Manhattan issued his ruling after hearing arguments from attorneys for Mr. Trump and two Democratic-controlled congressional committees.

The ruling was the second setback this week for Mr. Trump’s efforts to prevent the release of his financial records, a central issue in his fight against Democrats who won control of the House of Representatives last year.

Deutsche Bank did not immediately respond to a message seeking comment on the ruling. Neither did representatives of the House Financial Services and Intelligence Committees. The bank has said it would comply with whatever the court ultimately decided.

Mr. Trump, his company and his three eldest children — Donald Jr., Eric and Ivanka — filed their lawsuit on April 29, asking to block Deutsche Bank and Capital One from complying with the subpoenas issued by the two House committees.

Mr. Trump has a long history with Deutsche Bank, the only mainstream financial institution consistently willing to do business with him after a series of defaults left other lenders facing huge losses.

The subpoenas sought decades of personal and corporate financial records, including any documents related to possible suspicious activities detected in Mr. Trump’s personal and business accounts, since 2010.

Lawyers for the Trumps argued that the subpoenas were politically motivated and had no legitimate legislative purpose.

“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 suit said.

The heads of the committees that issued the subpoenas, Representatives Maxine Waters and Adam B. Schiff, have called the suit “meritless” and an attempt to obstruct Congress’s oversight.

On Monday, a federal judge in Washington upheld a separate congressional subpoena for financial records from Mr. Trump’s accounting firm, Mazars USA. Mr. Trump’s lawyers have filed a notice of appeal in that case.

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