Florida bank says it has closed Trump's accounts
A Florida bank announced Thursday that it has closed down former President Trump’s account, joining a growing list of entities that have cut ties with the former president following the deadly Jan. 6 Capitol riot.
In his financial disclosures, Trump had stated he had two money-market accounts with Banks United, The Washington Post reports. The accounts held somewhere between $5.1 million and $25.2 million.
“We no longer have any depository relationship with him," said Banks United, without giving reasons for its decision to shutter the accounts.
Another Florida bank, Professional Bank, last week announced that it would be cutting ties with Trump, saying it would no longer conduct business with the former president or his organizations.
Signature Bank in New York and Deutsche Bank have also said they will no longer be conducting future business with Trump. Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election.
Deutsche Bank is seeking to resolve more than $300 million in loans, reportedly looking to offload the loans onto another lender due to the negative press their dealings with Trump has caused. Deutsche Bank's relationship with the Trump Organization is under a civil investigation by New York attorney general Letitia James.
James is investigating claims made by Trump's former personal attorney Michael Cohen that he had inflated the value of his assets and financial statements. Though the investigation is civil, James has said criminal charges may arise if anything suggesting criminality is discovered during her probe.
Manhattan district attorney Cyrus Vance is also conducting an investigation into whether or not Trump misrepresented the value of his assets in order to receive larger tax deductions.
Vance recently expanded his investigation to include the Trump family's Westchester County estate, a historic mansion called Seven Springs, built by former Washington Post publisher Eugene Meyer.
When Matt Gaetz attended a 2019 GOP fundraiser in Orlando, his date that night was someone he knew well: a paid escort and amateur Instagram model who led a cocaine-fueled party after the event. The Florida congressman’s one-time wingman, Joel Greenberg, will identify that escort to investigators as one of more than 15 young women Gaetz paid for sex. But what distinguishes this woman, Megan Zalonka, is that she turned her relationship with Greenberg into a taxpayer-funded no-show job that earned her an estimated $7,000 to $17,500.
The Republican House minority leader, Kevin McCarthy, should testify before the commission to investigate the 6 January Capitol attack, the Wyoming representative Liz Cheney said on Friday, because he has “said publicly that he’s got information about the president’s state of mind that day”.
Former President Trump's false charge that the election was stolen has rattled the core of the GOP, sparking a nasty clash over who commands the soul of the party. The baseless claims have launched a splinter group of disgruntled Republican officials; and toppled a conservative icon, Rep. Liz Cheney (R-Wyo.), who was ejected this week from the leadership ranks.
Elise Stefanik cruised to victory in a vote to replace Liz Cheney as House Republicans' third-ranked leader, capping off a tumultuous month in the GOP conference sparked by its bitter divisions over Donald Trump. Stefanik won in a 134-46 secret-ballot vote, defeating her sole challenger Rep. Chip Roy of Texas — an unsurprising outcome after she aggressively campaigned for the No. 3 spot, scooping up endorsements from top party leaders and Trump. The 36-year-old New Yorker, known as a moderate turned Trump ally who's used her fundraising skills to help elect a new class of GOP women.