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Tag: deutsche bank
Trump 'Loser' poster

Two Big Banks Sever Ties With Trump Organization Over Capitol Riot

Reprinted with permission from Alternet

President Donald Trump may not see the error of his ways but some of the United States' largest banks are making it known they strongly disagree with his actions.

According to The New York Times, Deutsche Bank is distancing itself from the president amid the aftermath of the deadly riots that erupted at the U.S. Capitol on Jan. 6. Although Trump owes the bank approximately $300 million, the paper reports that the German financial institution wants no future business dealings with the president or his companies.

In addition to Deutsche Bank, New York's Signature Bank also released a statement confirming the closure of Trump's personal bank accounts while calling for the lame-duck president to resign from his post. The bank has also vowed not to conduct any further business with any Congressional members who actively worked to overturn the outcome of the presidential election and block the electoral college certification.

"We have never before commented on any political matter and hope to never do so again," Signature Bank said in a statement. "However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol."

It added, "To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic. We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty."

The bank concluded by saying: "At this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which is in the best interests of our nation and the American people."

The banks' decisions to sever ties with Trump could lead to an additional financial threat after he leaves the White House next week. Following his departure, Trump could be subject to a number of criminal investigations for fraud, tax evasion, and even sexual misconduct.

Anthony Kennedy

Retired Justice Kennedy’s Son Helped Trump With Huge Deutsche Bank Loans

Reprinted with permission from Alternet

During Justice Anthony Kennedy's 31 years on the U.S. Supreme Court, liberals and progressives had a love/hate relationship with the Reagan appointee — praising him for his rulings on gay rights and abortion rights while slamming his economic rulings as beneficial to unchecked corporate power. And those who viewed Kennedy as being too quick to side with big business are likely to have similar views on his son, Justin Kennedy, who according to the New York Times, has been very close to Trumpworld and helped Donald Trump secure almost $700 million in loans for a real estate project in Chicago.

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Deutsche Bank

Deutsche Bank Turned Over Trump's Financial Records To Manhattan District Attorney

Deutsche Bank, the German financial powerhouse that loaned hundreds of millions of dollars to the Trump Organization when other banks shunned that company, has turned over records of its transactions subpoenaed by the Manhattan District Attorney's office, according to the New York Times.

District Attorney Cyrus Vance, Jr., has sought the president's personal and corporate tax records in court, without revealing much about the alleged crimes under investigation, although he is know to be looking into hush money payments to porn star Stormy Daniels and former Playboy model Karen McDougal.

Vance's prosecutors justified the extensive demand for Trump's records before a judge in New York state Supreme Court last Monday by citing reports of "extensive and protracted criminal conduct at the Truomp Organization.".

On Wednesday, the Times reported that Vance's office had subpoenaed the German bank in 2019, indicating that his probe was examining allegations far beyond the payoffs to Daniels and McDougal. The Times also noted the confirmation of the prosecutor's long-rumored interest in Trump's dealings with Deutsche Bank.

The bank responded to the subpoena by handing over documents used by Trump when he applied for loans, according to unnamed sources cited by the Times.

In June, Trump's lawyers claimed that the subpoena for his tax returns was overly broad and politically motivated. But on Monday, Vance's lawyers replied that the Trump team was operating under "the false premise" that the investigation is limited to the hush-money payments. Instead, they noted that when the subpoena was issued "there were public allegations of possible criminal activity at plaintiff's New York county-based Trump Organization dating back over a decade."

"These reports describe transactions involving individual and corporate actors based in New York county, but whose conduct at times extended beyond New York's borders," said the court filing. "This possible criminal activity occurred within the applicable statutes of limitations, particularly if the transactions involved a continuing pattern of conduct."

The Times also reported on Wednesday that the Deutsche Bank subpoena demanded documents that might prove possible fraud by Trump and his company. Its story contrasted the bank's cooperation with other efforts to obtain Trump's financial records that were stymied in court.

At least two Congressional committees, both chaired by Democrats, have subpoenaed Deutsche Bank for documents related to Trump, who sued to prevent their release. New York Attorney General Letitia James likewise subpoenaed the bank for Trump's records last year. Trump has denounced Vance's investigation as "a continuation of the witch hunt".

gavel

Son Of Federal Judge Shot Dead At Home, Husband Wounded

Reprinted with permission from Alternet

Daniel Anderl, the 20-year old son of a federal judge was shot to death in his parents' New Jersey home by a gunman posing as a FedEx driver. U.S. District Court Judge Esther Salas' husband was also shot. Mark Anderl, 63, is in critical condition.

The New Jersey Globe also reports Judge Salas was not physically harmed.

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