New York — US President Donald Trump, three of his children and one of his companies have filed a federal lawsuit against Deutsche Bank and Capital One Financial Corp to block the banks from complying with federal subpoenas investigating his financial dealings. The federal lawsuit, filed in the US district court’s southern district of New York, contends that demands for records by Democrat-controlled House committees have “no legitimate or lawful purpose”. It also states that: “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.” The suit complains that the Democrats are hoping “they will stumble upon something they can expose publicly and use as a political tool against the president”. Representative Maxine Waters, the chairwoman of the financial services commission and representative Adam Schiff, the chairman of the intelligence committ...

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