Why Trump Wants to Block Deutsche Bank From Sharing His Financial Records

The subpoena demanded Deutsche Bank hand over materials related to the Trump family’s companies — including “parents, subsidiaries, affiliates, branches, divisions, partnerships, properties, groups, special purpose entities, joint ventures, predecessors, successors or any other entity in which they have or had a controlling interest.”

It also sought information about any accounts held by Mr. Trump and his immediate family, including materials that were provided to the bank when those accounts were opened. The bank has detailed financial materials on some of Mr. Trump’s children and his son-in-law, Jared Kushner, a senior White House adviser. The deadline to comply with the subpoena was May 6.

Deutsche Bank executives and congressional investigators, led by a pair of former Manhattan federal prosecutors, expected that Mr. Trump would mount a legal challenge to block the bank from complying with the subpoena, according to the people.

But bank officials have nonetheless compiled reams of materials to hand over. Included in those documents are multiple pages from each of Mr. Trump’s annual federal tax returns, which the bank received before lending him hundreds of millions of dollars for the Doral golf resort in Florida and the Old Post Office hotel project in Washington, according to current and former bank employees.

Despite the amiable history between Mr. Trump and Deutsche Bank, the lawsuit is not the first court fight between them. In fall 2008, Mr. Trump defaulted on a loan from Deutsche Bank, then sued it, claiming it had caused the financial crisis and engaged in predatory lending against him. Deutsche Bank responded by suing Mr. Trump, demanding that he immediately repay the portion of the loan, $40 million, that he had personally guaranteed.

The litigation lasted into 2010. After the suit was settled, Deutsche Bank resumed lending to Mr. Trump, dispensing more than $300 million to him over the next several years.

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