Trump appeals Deutsche Bank, Capital One subpoena ruling

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President Donald Trump doubled down on his fight to stop House Democrats from getting his financial records after losing two court battles this week, filing swift appeals in both cases.

On Friday, he asked a federal appeals court in New York to reverse an order allowing Democrats to go forward with subpoenas for records from Deutsche Bank and Capital One, and Thursday he secured a July 12 hearing date before an appeals court in Washington to fight a subpoena for Mazars USA.

While the rulings gave Democrats two quick, decisive court victories in their efforts to delve into Trump's finances, the appeals give Trump another chance and — win or lose — will delay the investigations.

U.S. District Judge Edgardo Ramos refused to block the bank subpoenas after hearing arguments on Wednesday, saying that since the president, his family and his business were unlikely to convince a judge that the congressional subpoenas are improper, he wouldn't intervene to stop them.

Trump's appeal Friday could further delay the banks from turning over the documents. In the Mazars matter, lawyers for Congress and the Trumps agreed to ask for a quick appeal and suspended the date for complying with the subpoena while the matter is under review.

If both sides follow a similar pattern in the New York case, Deutsche Bank and Capital One — which are now face a May 30 deadline — wouldn't be required to comply until the appeal is decided.

Bloomberg News