New York City Seeks To Terminates Business Relationships with Trump Organization

KEY POINTS

  • Donald Trump is increasingly isolated by organizations after he incited insurrection at the US Capitol building.
  • Social media companies Twitter and Facebook banned Trump from their platforms, banks stopped doing business with him
  • New York City seeking to terminate its business relationships with the Trump Organization.

New York City is seeking to terminate its business relationships with the Trump Organization in response to January 6th insurrection at the US Capitol building.

Officials in New York City announced plans to end the Trump Organization’s contracts to operate the Trump Golf Links at Ferry Point, the Central Park Carousel and the Wollman and Lasker ice skating rinks.

“The attacks on our Capitol killed a police officer, left four rioters dead, exposed lawmakers to Covid-19 and threatened the constitutional transfer of power. They were a national abomination. We’re reviewing whether legal grounds exist in light of these new circumstances to terminate concessions with the Trump Organization,” New York City announced in a statement issued Wednesday.

READ MORE

Trump is increasingly isolated after he incited mob to storm US Capitol building, different entities continue to disassociate with him.

Social media companies Twitter and Facebook were the first to punish Trump for sedition, blocking him from their platforms.

Several entities soon followed suit to disassociate with Trump. Professional Golfers’ Association (PGA) announced its decision to move its 2022 PGA Championship away from Trump National Golf Club in Bedminster, New Jersey.

Financial institutions have also cracked the whip on Trump’s move to incite insurrection at the Capital building.

Signature Bank on Monday said it had started closing Trump’s personal accounts and called for the president to resign. The US bank also said it will not do business in the future with any members of Congress who voted to disregard the Electoral College.

Germany’s biggest bank – Deutsche Bank has also announced its decision to stop doing business with Trump.

Deutsche Bank decided to refrain from future business with the disgraced US president, in a move that will cut off Trump’s business from a major source of loans that once helped fund his golf courses and hotels.

Related: Trump’s Businesses Cut Off From Loans As Banks Blacklist Him

Stay Connected

5,770FansLike
FollowersFollow