The Latest: Some big Wall Street banks speak out against ban
Source: Associated Press, via Washington Post
By Associated Press
January 30 at 2:33 PM
WASHINGTON The Latest on President Donald Trump (all times local):
2:29 p.m.
Major Wall Street banks are speaking out against President Donald Trumps temporary ban on refugees from several Muslim-majority countries.
Citigroup CEO Mike Corbat said the company is concerned about the message the executive order sends, and the impact immigration policies could have on the bank serving its clients and contributing to growth.
At Goldman Sachs, which has several former executives in the Trump administration, CEO Lloyd Blankfein said the ban is not something Goldman supports and it has the potential to disrupt the firm.
Executives at those and other banks say Trumps order could unsettle their operations, break up families, and hurt the banks ability to do business outside the U.S. ... Like the technology industry, Wall Street banks have operations on nearly every continent and from many countries.
Read more: https://www.washingtonpost.com/business/the-latest-trump-blames-delta-protests-for-airport-woes/2017/01/30/ab27b1a4-e6e9-11e6-903d-9b11ed7d8d2a_story.html
EarthFirst
(2,897 posts)It's an impediment to their potential dividends.
Just clarifying...
titaniumsalute
(4,742 posts)If one thing the Republicans listen to is MONEY!
I wonder how many Senators got big $$ from Citi or Goldman Sachs.
elleng
(130,732 posts)'Executives at those and other banks say Trumps order could unsettle their operations, break up families, and hurt the banks ability to do business outside the U.S. ... Like the technology industry, Wall Street banks have operations on nearly every continent and from many countries.'
old guy
(3,283 posts)The fact that this may effect their bottom line is the only reason for their concern. Period.
yurbud
(39,405 posts)Madam45for2923
(7,178 posts)MountCleaners
(1,148 posts)People who aren't unemployed fat traitor communists are opposing something Trump did!