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mahatmakanejeeves

(57,298 posts)
Mon Jan 30, 2017, 03:56 PM Jan 2017

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 Trump’s 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 Trump’s 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

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The Latest: Some big Wall Street banks speak out against ban (Original Post) mahatmakanejeeves Jan 2017 OP
So it's not necessarily a moral obligation to object... EarthFirst Jan 2017 #1
Hey...let's take it is a win either way titaniumsalute Jan 2017 #3
'it has the potential to disrupt the firm.' elleng Jan 2017 #2
These people care only for profits. old guy Jan 2017 #4
uh oh...now shit gets real for Trump. Do NOT get in the way of Wall Street bankers making money yurbud Jan 2017 #5
Am glad they are speaking out! Madam45for2923 Jan 2017 #6
Oh my! MountCleaners Jan 2017 #7

EarthFirst

(2,897 posts)
1. So it's not necessarily a moral obligation to object...
Mon Jan 30, 2017, 04:03 PM
Jan 2017

It's an impediment to their potential dividends.

Just clarifying...

titaniumsalute

(4,742 posts)
3. Hey...let's take it is a win either way
Mon Jan 30, 2017, 04:06 PM
Jan 2017

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)
2. 'it has the potential to disrupt the firm.'
Mon Jan 30, 2017, 04:05 PM
Jan 2017


'Executives at those and other banks say Trump’s 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)
4. These people care only for profits.
Mon Jan 30, 2017, 04:28 PM
Jan 2017

The fact that this may effect their bottom line is the only reason for their concern. Period.

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