KEY POINTS
  • A federal appeals court rules that Deutsche Bank and Capital One must hand over years of President Trump's financial records in compliance with House Democrats' subpoenas.
  • The ruling marks another loss in the courts for Trump, who has vigorously fought off efforts by lawmakers and prosecutors seeking details about his finances. 
  • The case is likely destined for the Supreme Court, where the president has already appealed two other lower court decisions requiring the disclosure of his financial records.
President Donald Trump listens during a listening session on youth vaping of electronic cigarette on November 22, 2019 in the Cabinet Room of the White House in Washington, DC.

A federal appeals court ruled Tuesday that Deutsche Bank and Capital One must hand over years of President Donald Trump's financial records in compliance with House Democrats' subpoenas.

The ruling in the New York-based 2nd U.S. Circuit Court of Appeals offers another judicial loss for Trump, who has fought off attempts to obtain his financial records, including his tax returns, through multiple lawsuits.