The United States Supreme Court on Friday granted the Trump administration’s request to temporarily block a congressional subpoena for President Donald Trump’s financial records from Deutsche Bank, according to several media outlets.
The high court’s order came hours after Trump’s legal team asked for a temporary stay of an appellate court decision ordering Deutsche Bank to comply with subpoenas from the House Financial Services and Intelligence committees, according to The Hill.
Justice Ruth Bader Ginsburg, who oversees the Second Circuit Court of Appeals, issued an administrative stay of that court's decision that will be in effect until Dec. 13, The Hill said.
On Wednesday, the federal appeals court said Deutsche Bank needed to turn over detailed documents about Trump’s finances to the two congressional committees.
Democratic-controlled congressional committees issued subpoenas to two banks — Deutsche Bank, long Trump’s biggest lender, and Capital One — this year for financial records related to the president, his companies and his family. Trump sued the banks to block them from complying.
The requests for documents from Deutsche Bank are notable because of the breadth of financial information they could provide about Trump and his business dealings.
Deutsche Bank became Trump’s main lender after a string of bankruptcies and loan defaults cost other banks hundreds of millions of dollars.
During the last two decades, the German bank lent him and his companies a total of well over $2 billion.
The New York Times contributed to this report.
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