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C’mon, IBJ, Get your act together and report the important Trump news of the day. To wit: it’s been more than 30 days since the justice Department has failed to release the Epstein files as required by law (signed by the presumptive pedophile); Jack Smith testified today that Trump deliberately broke the law and tried to stage a coup; Trump’s speech in Davos demonstrated beyond dispute that he is nuts.
Literally no one cares about yet another fake lawsuit by Trump that is intended to distract and will go nowhere. Yawn. Report the actual news!
Trump files these multi-billion dollar suits with the hope and expectation of receiving a nuisance settlement, which many will offer to save them the cost of defending themselves. He has done it to media companies, law firms, and other businesses over the years, even more so recently. It is an easy cash grab for him.
+1
Debanking—where banks cut off clients for non-financial reasons like political views or controversial industries—is not inherently legal but is also not universally illegal. Banks are required to use objective, risk-based criteria, while still allowing lawful de-risking for genuine financial/regulatory concerns.
So the reputational risk to the bank of allowing a treasonous felon to bank with them might be a valid reason for de-banking a client?
It’s super valid and Trump, I’m sure, would love for Chase to do it to his political enemies.
Maybe they should just retort they also don’t do business with people in the Epstein Files, and he’s welcome to publish them in full to clear his name if he feels otherwise.