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Trump’s lender must turn over financial records

WASHINGTON — President Donald Trump’s longtime lender, Deutsche Bank, must turn over a broad range of financial records to Congress, a federal appeals court ruled Tuesday.

The ruling blocks another effort by the president to keep his finances private, though he’s likely to appeal this decision, too. 

The U.S. Court of Appeals for the Second Circuit ruled 3-2 that public interest favors disclosing records regarding Trump’s private business, as well as those of his family members and related entities. 

House committees’ “interest in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive’s distraction arising from disclosure of documents reflecting his private financial transactions,” the court said in a 108-page ruling.

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The appeal concerns three subpoenas issued by two House committees to Deutsche Bank. The House Intelligence Committee and the Financial Services Committee seek a number of Trump’s financial records, as well as those of his three oldest children and the Trump Organization.