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NYT - Deutsche Bank, Signature Bank cut ties with Donald Trump.
Posted on 1/11/21 at 7:42 pm
Posted on 1/11/21 at 7:42 pm
quote:
Companies and institutions are shunning President Trump and some associates after the attack on the U.S. Capitol. The Trump family business, built on luxury hospitality, is contemplating a reinvention.
quote:
In the span of four days, President Trump’s family business has lost its online store, the buzz from Mr. Trump’s promotional tweets about its luxury resorts and bragging rights as host to one of the world’s most prestigious golf tournaments.
The mob attack on Congress last week by Mr. Trump’s supporters has spurred a reckoning for the Trump Organization by businesses and institutions, at a scale far greater than his previous polarizing actions.
quote:
And the Trump brand, premised on gold-plated luxury and a super-affluent clientele, may not fully recover from the fallout of his supporters violently storming and vandalizing the U.S. Capitol, hospitality analysts say and some people close to the business acknowledge.
Other companies linked with the Trumps, including Deutsche Bank, the president’s largest lender, and Signature Bank, are also seeking distance from him and his business.
quote:
Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, has decided not to do business with Mr. Trump or his company in the future, according to a person familiar with the bank’s thinking. Mr. Trump currently owes Deutsche Bank more than $300 million, which is due in the next few years.
quote:
Another longtime financial partner of the Trumps, Signature Bank, also is cutting ties. The bank — which helped Mr. Trump finance his Florida golf course and where Ivanka Trump, the president’s daughter, was once a board member — issued a statement calling on Mr. Trump to resign as president “in the best interests of our nation and the American people.”
LINK
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Posted on 1/11/21 at 7:43 pm to Cs
They are going to try and ruin this man in every aspect of his life. Frick them.
Posted on 1/11/21 at 7:45 pm to SouthernHog
quote:Of course they are. They do it over tweets from 7 years ago to regular arse people.
They are going to try and ruin this man in every aspect of his life.
This post was edited on 1/11/21 at 7:45 pm
Posted on 1/11/21 at 7:45 pm to Cs
Well the Japanese love him so so problems there I suspect
Posted on 1/11/21 at 7:45 pm to Cs
There will be violence.
This sort of shite will not be tolerated.
This sort of shite will not be tolerated.
Posted on 1/11/21 at 7:48 pm to udtiger
quote:
There will be violence.
This sort of shite will not be tolerated.
Sadly you are probably correct
Posted on 1/11/21 at 7:51 pm to Cs
They really don’t know what they are doing. 75 million people voted for this man and he had the largest political rallies maybe ever.
All it takes is one crazy supporter who is driven over the edge by this modern day tar and feathering of a sitting president.
I don’t see this ending well.
All it takes is one crazy supporter who is driven over the edge by this modern day tar and feathering of a sitting president.
I don’t see this ending well.
Posted on 1/11/21 at 7:53 pm to Cs
quote:
Deutsche Bank
I bet they suck that Chinese dick still though.
Posted on 1/11/21 at 7:53 pm to Cs
Did the "person familiar with the bank's thinking" also mention this? It happened 3 days ago.
DOJ
Deutsche Bank entered into a three-year deferred prosecution agreement (DPA) with the Criminal Division’s Fraud Section and Money Laundering and Asset Recovery Section (MLARS) and with the U.S. Attorney’s Office for the Eastern District of New York.
Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738, and $43,329,622 to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.
Deutsche Bank is a multi-national financial services company headquartered in Frankfurt, Germany. The charges arise out of a scheme to conceal corrupt payments and bribes made to third-party intermediaries by falsely recording them on Deutsche Bank’s books and records, as well as related internal accounting control violations, and a separate scheme to engage in fraudulent and manipulative commodities trading practices involving publicly-traded precious metals futures contracts.
DOJ
Deutsche Bank entered into a three-year deferred prosecution agreement (DPA) with the Criminal Division’s Fraud Section and Money Laundering and Asset Recovery Section (MLARS) and with the U.S. Attorney’s Office for the Eastern District of New York.
Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738, and $43,329,622 to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.
Deutsche Bank is a multi-national financial services company headquartered in Frankfurt, Germany. The charges arise out of a scheme to conceal corrupt payments and bribes made to third-party intermediaries by falsely recording them on Deutsche Bank’s books and records, as well as related internal accounting control violations, and a separate scheme to engage in fraudulent and manipulative commodities trading practices involving publicly-traded precious metals futures contracts.
Posted on 1/11/21 at 7:53 pm to WaWaWeeWa
His life/business is pretty much over.
Posted on 1/11/21 at 7:53 pm to udtiger
quote:
There will be violence.
Why shouldn’t there be?
Posted on 1/11/21 at 7:54 pm to Cs
Any Conservatives that bank their, gotta do it.
They're playing for keeps
They're playing for keeps
Posted on 1/11/21 at 7:54 pm to Cs
Stuff like this is so stupid. He's going to have absolutely no trouble finding financial institutions who want to work with him. He's loved in most of the world.
Posted on 1/11/21 at 7:55 pm to imjustafatkid
Wake up
Posted on 1/11/21 at 7:57 pm to Cs
Democrats are vindictive and evil to the core
Posted on 1/11/21 at 7:58 pm to Jjdoc
quote:
Wake up
To what? I know leftists in our country want to ruin him, but he can easily get a bank to take his accounts. This is a virtue signaling load of crap that will be a hiccup for him, nothing more.
Posted on 1/11/21 at 8:00 pm to SouthernHog
They will call on all to shun him and the CCP has people everywhere. They will gut him.
It is sick.
It is sick.
Posted on 1/11/21 at 8:01 pm to cajunangelle
Trump’s brand will be bigger than ever after all is said and done.
Posted on 1/11/21 at 8:03 pm to udtiger
There should be violence
Posted on 1/11/21 at 8:04 pm to WaWaWeeWa
quote:
They really don’t know what they are doing. 75 million people voted for this man and he had the largest political rallies maybe ever.
All it takes is one crazy supporter who is driven over the edge by this modern day tar and feathering of a sitting president.
They know what they're doing about like Hitler did.
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