The ruling comes as the New York State Assembly passed a bill that would make it easier for Congress to obtain Trump's state tax returns.
A federal judge in New York City on Wednesday said Deutsche Bank and Capitol One can turn over financial documents related to President Donald Trump and his businesses in response to subpoenas from House Democrats.
Judge Edgardo Ramos’s ruling came after a hearing at which lawyers for Trump, his three older children, and the Trump Organization argued that the subpoenas to the two banks should be quashed.
His decision came two days after another federal judge, in Washington, D.C., said Trump’s accountants at the firm Mazars LLP had to comply with a congressional subpoena for his financial records.
Deutsche Bank for years has been the main lender for Trump, whom other banks have avoided loaning money to because of his repeated bankruptcies. Capital One is in posssesion of financial records related to the Trump Organization’s hotels. Neither bank had opposed the subpoeanas.