Washington - Deutsche Bank AG and Capital One Financial Corp will not have to immediately hand over the financial records of US President Donald Trump, three of his children and the Trump Organization, according to a court filing on Saturday. The filing in US District Court for the Southern District of New York followed an appeal submitted on Friday by Trump and his affiliates against an existing order from a federal judge allowing the banks to hand over financial records to Democratic lawmakers. Amid an ongoing legal battle between the Republican president and Democrats in Congress, the agreement to hold off for now on enforcing the subpoenas for Trump’s financial records was a rare accord between Trump’s attorneys, the banks and the House Intelligence and the Financial Services Committees.

Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.