A U.S. appeals court on Tuesday handed President Donald Trump another defeat in his bid to keep his financial records secret, directing Deutsche Bank AG and Capital One Financial Corp to comply with subpoenas from congressional Democrats demanding the material.
In a major blow to U.S President Donald Trump, a federal appeals court on Tuesday ruled that Deutsche Bank and Capital One had to comply with congressional subpoenas and hand over years of Trump's private financial records to House Democrats.
The Manhattan-based 2nd U.S. Circuit Court of Appeals rejected Trump's bid to block two House of Representatives committees from enforcing the subpoenas, which were issued in April, months before the impeachment inquiry began.
Two House Committees had asked Deutsche Bank for records related to Trump, three of his children and the Trump organization.
They also requested that Capitol One hand over records related to the Trump Organization's hotel business.
Lawmakers said these requests are part of a wider investigation into money laundering and foreign influence over U.S. politics.
Deutsche Bank has long been a principal lender for Trump's real estate business.
A 20-17 disclosure form showed that Trump had at least $130 million dollars of liabilities to the bank.
Congressional investigators have already identified possible failures in Deutsche Bank's money laundering controls in its dealings with Russian oligarchs… AND in 20-17, the Bank agreed to pay regulators in the U.S. and Britain over $600 million dollars in fines for organizing $10 billion dollars in sham trades that could have been used to launder money out of Russia.
Trump has broken from tradition by not releasing his tax returns as a candidate in 2016 and as president.
He is expected to appeal the latest ruling to the Supreme Court, where he is already appealing two other lower court decisions requiring the disclosure of his financial records.
In Yemen, fierce clashes in the last major northern stronghold for the internationally recognized government could mark a turning point in the deadly six-year conflict. The oil-rich city of Marib is now at the center of a military escalation by Iran-backed Houthi rebels attempting to extend their control of the country further east with a devastating campaign of drone and missile attacks on both Yemen and Saudi Arabia. Saudi-backed government forces say US president Joe Biden’s decision to reverse Trump’s widely criticized designation of the Houthis as a terrorist group has only emboldened the rebel group. CNN’s Nic Robertson gained access to Marib’s frontline, where the battle for control in the ancient desert city is raging on.
A hate crimes bill to combat violence against Asian Americans in the wake of the COVID-19 pandemic passed the U.S. Senate overwhelmingly on Thursday, a rare bipartisan vote in the evenly divided chamber. Freddie Joyner has more.
The United States and other countries hiked their targets for slashing greenhouse gas emissions at a summit on Thursday, as climate activists and Pope Francis urged political leaders to act with courage and justice. This report produced by Chris Dignam.
U.S. Senate Republicans on Thursday proposed a $568 billion, five-year infrastructure package as a counteroffer to President Joe Biden's sweeping $2.3 trillion plan, calling their measure a good-faith effort toward bipartisan negotiations. Freddie Joyner has more.
President Joe Biden’s commission to study the Supreme Court has some people thinking there could be fast action on expanding the court. In this latest episode of The Point, CNN’s Chris Cillizza explains the many obstacles in the way for the court to be expanded anytime soon, if at all.
Apple announced a line of slim iMac computers and iPads with higher-quality video that use its own processors, as it speeds its migration away from Intel and caters to a work-from-home world. This report produced by Yahaira Jacquez.
Nepal and India have agreed to carry out a joint study on construction activities underway in and around the Mahakali River in Darchula district, Foreign Minister Pradeep Kumar Gyawali announced on Monday. Responding to the questions raised by lawmakers in Parliament, Minister Gyawali informed the meeting that both nations have formed a team to conduct the study and it will be deployed at the site on April 12. As per Gyawali, the Government of Nepal earlier also had sent a team led by the Chief Survey Officer of Darchula district to make a field study of the security wall being constructed by India on its side of Mahakali River on January 6 amid reports of encroachment. Gyawali informed the meeting that border experts from both countries are making the field study as per recommendations made by the team that it would be appropriate to find the exact measurement of the wall with the help of survey officials of both the countries and raise this issue with relevant Indian authorities. Addressing the meeting of the House of Representatives, lawmaker Badu claimed that around 25 hectares of Nepali land had turned into the riverbank on the Indian side of the border.
Amidst the criminal investigation into the Trump Organization, a CNN examination of sworn depositions, interviews with former employees, and published accounts shows that Trump has tried repeatedly to push responsibility for his valuation decisions onto his chief financial officer Allen Weisselberg. Documents and depositions appear to show that, even as Trump claimed that he left those valuation decisions to someone else, he was also deeply involved in running his business. CNN’s Kara Scannell reports.
The former daughter-in-law of a Trump Organization officer said she is cooperating with inquiries by New York investigators who are looking into former President Donald Trump and his business, and have asked her about apartments she and her ex-husband were allowed to live in rent-free.
After a lengthy court battle, the Manhattan District Attorney is in possession of Donald Trump's tax returns and other financial records as part of a criminal investigation into the former president and his family-run Trump Organization, a spokesman for the office confirmed on Thursday. This report produced by Jillian Kitchener.
A video of an Asian American woman being attacked in New York City by a man has gone viral. New York Police Department said the suspect wanted in the brutal attack has been arrested. According to surveillance footage released by police, the incident took place on Monday. The 65-year-old woman was walking in midtown Manhattan a few blocks from Times Square. In video, the man is seen repeatedly kicking her in stomach & knocking her to ground. Police said the man also stomped on her face while shouting anti-Asian insults at her. Video shows two people nearby, who appeared to be security guards, did not intervene. The woman was discharged from hospital on Tuesday after being treated for the injuries. Attack comes amid a spike in anti-Asian hate crimes and weeks after mass shooting in Atlanta. Mayor Bill de Blasio called the incident 'absolutely disgusting and outrageous’.
Credit: HT Digital Content Duration: 01:21Published
An Asian American woman was walking through the Hell's Kitchen neighborhood of Manhattan on Monday morning when the most unfortunate incident happened with her. The 65-year-old woman stopped abruptly outside a luxury condo tower after a stranger approached her. Suddenly, the man kicked her in the stomach, knocking her to the sidewalk, and then brutally stomped on her head again and again. All the while, according to the police he spewed slurs at her.
#AsianAmerican #RacistAttack #NewYork
The New York Police Department is investigating what they say is a “hate crime assault” against a 65-year-old Asian woman who was punched and kicked in midtown Manhattan by an attacker who allegedly made anti-Asian statements toward her, according to the police.
Donald Trump’s former attorney Michael Cohen was interviewed for the seventh time by prosecutors from the Manhattan district attorney’s office, which is pursuing an investigation into the former President. CNN’s Kara Scannell has the details.
Reuters reports Michael Avenatti pleaded not guilty on Tuesday. He's been indicted for trying to extort as much as $25 million from Nike Inc, Avenatti allegedly threatened to go public with claims the..