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Trump appeals judge's ruling that Deutsche Bank, Capital One can comply with House Democrats' subpoena for financial records

Kevin Breuninger
U.S. District Judge Edgardo Ramos (L) is shown in this court room sketch during a hearing where he ruled that Deutsche Bank AG and Capital One Financial Corp must comply with subpoenas issued to them by two U.S. House of Representatives committees to provide financial records to lawmakers investigating U.S. President Donald Trump's businesses, in Manhattan Federal Court in New York City, U.S. May 22, 2019.

President Donald Trump, his businesses and members of his family on Friday appealed a federal judge's decision that Deutsche Bank and Capital One can turn over years of financial records relating to the president.

On Wednesday, U.S. District Court Edgardo Ramos said that the two banks can comply with the subpoenas issued by the Democrat-led House Intelligence and Financial Services Committees for a broad range of financial information. Trump and three of his children — Donald Trump Jr., Ivanka Trump and Eric Trump — had sued to block the subpoenas, arguing that they had no "legitimate legislative purpose" and that they were intended to dig up dirt to damage Trump politically.

A lawyer for Trump told Ramos in federal court in Manhattan on Wednesday that an appeal was "probably a safe bet."

Lawyers for Trump did not immediately respond to CNBC's request for a statement on their appeal.

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