Talk about a snowball, Donald Trump’s relationship with the banking world is turning into more of an avalanche. Yet another bank, this one based in Miami, just cut ties with Trump. Miami Herald:
On Friday, Miami Lakes-based BankUnited announced it was ending its relationship with the former president. New financial records show Trump maintained two money-market accounts there that held a total of more than $5.1 million.
“We never had a lending relationship with Donald Trump and we no longer have any depository relationship with him,” a bank representative said in an emailed statement.
Last week, Professional Bank also said it would no longer do business with Trump. The Coral Gables-based firm loaned $11.2 million to Trump’s family in 2018 to purchase a property adjacent to Trump’s Mar-a-Lago club in Palm Beach, and also held a money-market account in Trump’s name valued between $5 million and $25 million.
The terminations follow moves by Trump’s main financial backers, Deutsche Bank AG and New York-based Signature Bank, which ended relationships with Trump and his related business entities following the Jan. 6 riots on Capitol Hill. Signature, a longtime banker to Trump’s family, called on the former president to resign following the insurrection.
Trump’s on his way to becoming the pariah in chief, a title that he has earned and a status that is richly deserved.
He is disappearing before our eyes.
Now if only all photos, video, and mention of him would disappear!
Yes and I am loving it. Cutting his Twitter account was really key; they should have done it long ago.
You know, it could get to the stage where even the Bank of Moscow will have a long hard look at the Trompador’s finances
There’s a big difference in having accounts for loans and accounts for savings/checking – regular operating expenses. To maintain his lifestyle and operate his criminal enterprise (which is what his businesses are) Trump needs regular old bank accounts, albeit with more money flowing in and out each day than is the case with most people. Accounts to accept all the ill gotten gains of his businesses. Accounts to accept all the money he’s gotten the goobers of MAGA land to send him. And he has to, much as he hates to send some of that money back out again to (as I noted) pay for at least some of his business and personal expenses. Even someone as dumb about business as Trump (or maybe ESPECIALLY someone like Trump) would know better than to have “clearing” bank accounts at institutions they owe a boatload of money to when they know at times they will have trouble making their loan payments!
There’s no telling how much Trump owes Russian banks. Banks controlled by Putin’s oligarchs and therefore ultimately by Putin himself. Some have U.S. Branches, but even if one or more of them don’t have any outstanding loans with Trump if Putin issues orders through his network of oligarchs to whomever controls such a bank then that bank might as well be a Russian bank Trump owes money to. What I’m saying is that the LAST place Trump would want to park millions of dollars in everyday operating funds is a Russian bank, even in a U.S. branch. That money would be Putin’s for the taking any time he felt like, and Donald is no longer of any use to Putin.
If this trend continues and NO U.S. banks will accept Trump’s money (even mom and pop ones might think twice knowing he he screws people over, and also that some Russian might come a calling with pics of the family and “suggestions” of a partnership) Trump is screwed in ways we can’t imagine. He’s got to be sweating buckets right now waiting on more shoes superglued to anvils waiting to drop on his head. Sweating so badly his orange spray tan won’t last five minutes. Sweating so badly even old-school theatrical grease paint makeup (in Trump orange) won’t even last long before melting away from the sweat!
very good point, but least we forget , there is still china that would love to get a hold of him… He,ll Sing like a baby When It comes to staying afloat once the money starts to disappear…. God i think i,m going to cry right about now… Oh Happy days are here again ….. It Could not Have happened to a bigger a-hole…. Sgt M.G.F USMC
Couldn’t happen to a more deserving a*hole.
Unfortunately, Trump continues to trade US secrets and other info. he stole while in his former executive position to keep the payoffs ($$$) from Putin flowing. He made the Kremlin linked SolarWind cyberattacks on US govt. and US private servers discovered in December 2020, possible. He’s working on establishing a shadow govt. to serve Putin’s interests and keep Putin’s $$$ flowing his way to prove his usefulness, continue to payoff his debts to Putin and others, and keep Putin’s FSB at bay. Trump needs to be impeached, censured, fined, arrested, and imprisoned ASAP to stop him, Putin, the Trumpists base and the GOP-Nazi party leaders from their new plans to weaken the US even further while staging another coup to overthrow our democracy.
What secrets? This guy couldn’t steal candy from a baby or memorize a coloring book. As to that hack, well, let’s hope those seven months of data was REALLY valuable. Otherwise, it’s another big goose egg.
Quite likely, but you need proof sources before stating all this as fact. I think the FBI and CIA still need to get on it. Hopefully they will now that Biden is on the job. But probably a lot of obstructors still need to be cleared out of those agencies.
He doesn’t have access to secrets now, and the Russians probably don’t need him any more.
“And another one falls,/And another one falls,/Another bites the dust.” Bill Palmer said that Deutsche Bank cutting Trump off would set off a chain reaction. As usual, he was right on the money (pun intended).