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Trump’s latest banking partnership with Professional Bank, which in May 2018 loaned Trump $11.2 million to finance the purchase of a waterfront mansion adjoining Mar-a-Lago that was owned by his sister Maryanne Trump Barry.
motherjones.com/politics/2019/…
motherjones.com/politics/2019/…
Professional Bank, founded in 2008, is an odd choice for a mogul who has previously done business with some of the world’s largest and most well-established financial institutions.
floridatrend.com/article/24549/…
According to Trump’s most recent financial disclosure, Trump not only
floridatrend.com/article/24549/…
According to Trump’s most recent financial disclosure, Trump not only
borrowed from Professional Bank but opened a large money-market account with the firm, depositing between $5 million and $25 million. Trump disclosed earning between $50,000 and $100,000 in interest from the account.
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In recent years, Professional Bank has hired a handful of new executives who specialize in private banking, indicating an increased effort to cater to a high-net-worth clientele.
@ericgarland
crainscleveland.com/finance/profes…
@ericgarland
crainscleveland.com/finance/profes…
CEO, Abel Iglesias, was appointed to the board of directors for the Miami branch of the Federal Reserve Bank of Atlanta. Iglesias was put in the post by the regional Fed’s board and not by the Federal Reserve’s Board of Governors, who are selected by the president. A spokesperson
for the Fed Reserve Bank of Atl said there had been “no directives or contact” from the admin in regards to Iglesias’ appt
Given Trump’s often antagonistic relationship with the Fed Iglesias’ appointment to a regional Fed position presents another conflict of interest
Given Trump’s often antagonistic relationship with the Fed Iglesias’ appointment to a regional Fed position presents another conflict of interest
southflorida.citybizlist.com/article/530401…
Strict conflict-of-interest rules govern the conduct of top federal officials, but none apply to the president. In theory, he can borrow money from and sell assets to whomever he chooses. However, presidents have traditionally taken steps to minimize any
Strict conflict-of-interest rules govern the conduct of top federal officials, but none apply to the president. In theory, he can borrow money from and sell assets to whomever he chooses. However, presidents have traditionally taken steps to minimize any
appearance of conflict.
The concern is that the pres would be treated diff by bank. There’s a record of banks having a VIP program and treating political people differently than everyone else. So this is a concern that is well grounded in past practice
motherjones.com/politics/2019/…
The concern is that the pres would be treated diff by bank. There’s a record of banks having a VIP program and treating political people differently than everyone else. So this is a concern that is well grounded in past practice
motherjones.com/politics/2019/…
@threadreaderapp unroll please
