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.
Former President Trump is showing no signs of wanting to unify the GOP even as party leaders scramble to smooth out divisions that they fear will be damaging in the 2022 midterm elections. In a Saturday night speech to attendees at a donor retreat in Florida, Trump railed against his perceived enemies in both parties and offered little, if any, reassurance that he would try to rally together a GOP riddled with internal divisions and desperate to regain governing power in Washington.
Facebook allowed the president of Honduras to artificially inflate the appearance of popularity on his posts for nearly a year after the company was first alerted to the activity. The astroturfing – the digital equivalent of a bussed-in crowd – was just one facet of a broader online disinformation effort that the administration has used to attack critics and undermine social movements, Honduran activists and scholars say. Facebook posts by Juan Orlando Hernández, an authoritarian rightwinger whose 2017 re-election is widely viewed as fraudulent.
Donald Trump and his Republican faithful faced ridicule on Monday after Sen. Rick Scott (R-Fla.) posted an image of himself presenting the former president with the so-called “Champion for Freedom” award over the weekend. “President Trump fought for American workers, secured the border, and protected our constitutional rights,” Scott tweeted, alongside the image of himself with Trump holding a ceremonial dish.
Former Speaker John Boehner (R-Ohio) on Monday said the "unemployed" former President Trump has nothing better to do than stir up trouble following his departure from Washington. "Here's a guy who's unemployed, has nothing else to do but cause trouble. And clearly, it's obvious to me that he's not going away," Boehner said on "The View."