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Federal Realty Trust: Still Offering Attractive Total Returns, But Don't Aggressively Chase Here

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Regeneration of Sunderland Dewhirst site completes with final two retail units

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The edge-of-town development is said to have attracted a lot of interest since planning permission was secured in 2022

UK Land Estates secured planning permission for the site in 2022.

UK Land Estates has redeveloped the former Dewhirst factory site in Sunderland.(Image: UK Land Estates)

Work has finished on the regeneration of a key former factory site in Sunderland.

The final two retail units have opened to the public at the former Dewhirst site in Pennywell, which has been transformed by North East developer and landlord UK Land Estates. The two drive-thru units for Greggs and Starbucks at Pennywell Industrial Estate are now open to the public.

Standing adjacent to the already completed Wickes, Aldi and KFC, the two units mark the completion of the final phase of the edge-of-city retail scheme. It comes more than two decades after the closure of the clothing manufacturer’s site, which was a household name through the 20th century and had roots in the city dating back to the 19th century.

Dewhirst employed hundreds of people at its peak, before its Leechmere site closed in 2002 and its Pennywell factory ceased production a year later. The site then stood largely vacant until 2022 when UK Land Estates was granted planning permission to develop a new retail park on the edge of the city.

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Tim Witty, development director at UK Land Estates, said: “We’ve seen a real surge in demand for well-connected, out-of-town retail parks over recent years and the redevelopment of the former Dewhirst site is a prime example of this. As soon as we were granted planning permission in 2022, we were inundated with queries from parties looking to capitalise on the site’s prime location, so it is fantastic to finally see it complete and bearing fruit.

“In Wickes, KFC, Aldi, Starbucks and Greggs we have been able to attract five national and global brands to the site, creating dozens of jobs for local people while providing a major lift to the city’s economy. It has been a fantastic project to be involved in and I’m sure as we look ahead to 2026, there will be yet more sites to follow as we seek to capitalise on the seemingly increasing popularity of the North East as a great place to invest and do business.”

The Pennywell Dewhirst factory once made menswear jackets, trousers, waistcoats and top coats for M&S. At the time of its closure, Dewhirst relied on M&S for around 90% of its sales and bosses said it was not ‘sufficiently profitable’ to keep the Pennywell factories open.

UK Land Estates was granted planning permission in 2022 to develop the seven-acre site, with investment there thought to have exceeded £10m. UK Land Estates is one of the largest owners of commercial property in the North East of England and has three main estates including Team Valley, Teesside Industrial Estate and Tyne Tunnel Industrial Estate, alongside a portfolio of other assets.

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Microsoft: The Turnaround Is Finally Accelerating (NASDAQ:MSFT)

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Microsoft: Cloud Is Going To Be A Winner In 2026 (Rating Upgrade)

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JR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a “Top Analyst To Follow” for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. My picks have consistently demonstrated market outperformance over time. My approach combines timely and sharp price action analysis with fundamentals as my foundation. I also tend to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. I run the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. My main ideas revolve around stocks with strong growth potential, and also well-beaten contrarian plays. I designed the group for investors seeking to capitalize on growth stocks with solid fundamentals, robust buying momentum, and appealing turnaround plays to generate alpha consistently. Learn more

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT, META, AMZN, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Solar Eclipse and Perseid Meteor Shower Peak Set to Collide on the Same Day, August 12 in North America

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A sliver of the sun is seen just before the total solar eclipse as seen from Piedra del Aquila, Argentina on December 14, 2020

Skywatchers across North America and Europe are set to experience two distinct celestial events within a single day on Wednesday, Aug. 12, as a partial solar eclipse crosses much of the region before darkness brings the annual peak of the Perseid meteor shower under an especially dark, moonless sky.

The solar eclipse will unfold first, during daylight hours. A partial solar eclipse will be visible from Alaska, eastern Canada, 26 U.S. states, and most of Europe, though the moon’s darkest umbral shadow, the portion of the eclipse that produces total darkness, will miss North America entirely. A narrow path of total solar eclipse will instead pass through eastern Greenland, western Iceland and northern Spain, where the moon will completely block the sun for up to 2 minutes and 18 seconds.

Within North America, the deepest partial eclipse will occur in far northern Canada, while Alaska and the northeastern United States will offer the best viewing opportunities within the country. Fairbanks, Alaska, will see approximately 37% of the sun covered by the moon at around 8:27 a.m. Alaska Daylight Time. Within the contiguous United States, Presque Isle, Maine, will experience the largest partial eclipse, reaching roughly 28% coverage at approximately 1:50 p.m. Eastern time. Boston will see about 16% of the sun covered around 1:53 p.m., while New York City will experience approximately 10% coverage at roughly 1:54 p.m. Eastern time. Because the sun will be positioned high in the sky during the eclipse, viewers will not need to seek out any particular vantage point, with even an ordinary city sidewalk offering adequate viewing conditions.

The eclipse will be considerably more dramatic across the Atlantic. Beyond the narrow path of totality crossing Greenland, Iceland and Spain, much of the rest of Europe will experience a deep partial eclipse. London will see approximately 91% of the sun covered, while Paris will see roughly 92% coverage. Madrid and Barcelona both fall outside the path of totality, but will still experience a partial eclipse covering approximately 99% of the sun.

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Proper eye protection remains essential throughout any stage of a partial solar eclipse, since it is never safe to view the sun directly without protection during a partial phase. Certified eclipse glasses meeting the ISO 12312-2 international safety standard are required for safe direct viewing, while any binoculars, cameras or telescopes used to observe the event need securely mounted solar filters attached to the front of their optics. Eclipse glasses saved from the total solar eclipse that crossed North America on April 8, 2024, remain usable, provided they show no scratches, pinpricks or other damage. Skywatchers are advised to check their glasses for damage by shining a flashlight through the lenses to confirm no light passes through, and to replace any glasses in question, purchasing only from reputable manufacturers listed on the American Astronomical Society’s official directory of safe solar viewers and filters.

Once the eclipse concludes, skywatchers willing to stay outside after sunset will be rewarded with the second major celestial event of the day. The same new moon responsible for the eclipse will also leave the night sky free of moonlight as the Perseid meteor shower reaches its annual peak overnight between Aug. 12 and 13. That combination of a dark, moonless sky and the meteor shower’s peak activity has generated particular excitement among astronomers this year, since bright moonlight typically washes out fainter meteors during peak viewing periods in other years.

Under exceptionally dark, rural conditions, observers could see as many as 60 to 100 meteors per hour during the Perseids’ peak, though a more typical rate under good conditions generally falls between 30 and 50 meteors per hour. Even observers in suburban areas with moderate light pollution should still enjoy a steady, visible stream of shooting stars throughout the night. The best viewing window for the Perseids generally falls after midnight, when Earth’s rotation carries observers directly into the densest part of the debris stream left behind by Comet 109P/Swift-Tuttle, the parent comet responsible for the annual meteor shower.

Location plays the single biggest role in determining how many meteors a given observer will ultimately see. Traveling away from the light pollution of towns and cities significantly improves visibility, with national parks, designated Dark Sky Places, DarkSky Preserves and rural coastlines all offering considerably darker skies capable of revealing far more faint meteors than typical suburban neighborhoods. Locations of that kind tend to become crowded during the Perseids’ peak each year, so anyone planning to camp overnight at a dark-sky location is advised to book accommodations well in advance. Once situated at a viewing location, allowing at least 20 minutes for eyes to fully adjust to the darkness, and avoiding phone screens during that adjustment period, significantly improves an observer’s ability to spot fainter meteors. While Perseid meteors appear to radiate outward from the constellation Perseus, individual meteors can actually appear anywhere across the night sky.

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Beyond the eclipse and the meteor shower itself, Aug. 12 offers additional celestial sights for those willing to spend the full day and night observing the sky. The Milky Way will arch prominently across the southern sky from sufficiently dark viewing locations, offering one of the year’s best opportunities to observe the galaxy’s structure with the naked eye. Venus will also reach a point in its orbit known as dichotomy, appearing extremely bright to the naked eye while showing only half-illumination when viewed through a small telescope, as the planet continues moving closer to Earth in its orbital path.

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A Hawkish Hold, A Steeper Curve

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Central Banks Spook The Market (NYSEARCA:SPY)

A Hawkish Hold, A Steeper Curve

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Scott Eastwood Slams Unnamed Actor Who Quit a Film Mid-Production, Saying “People Get Too Famous” Today

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Scott Eastwood

Scott Eastwood, the actor and son of legendary filmmaker Clint Eastwood, criticized an unnamed fellow actor for abruptly leaving a film production, describing the incident during an appearance on Joe Rogan’s podcast, “The Joe Rogan Experience.”

Eastwood, 40, did not identify the actor by name during the conversation, but described a situation in which the person departed a project during pre-production after the film’s team had already invested significant resources. “Without saying any names … you know, people get too famous for too long. They think the world owes them something,” Eastwood said, according to PEOPLE. “And when it comes to doing the right thing, you’re like, ‘Dude … Do the right thing, don’t be a piece of s—.’ They’re like, ‘F— that. I can do whatever.’”

Eastwood elaborated on the specific circumstances that led to the actor’s exit, describing how the production had already begun moving forward with a director before the situation unraveled. “We started working on a film with a director and they decided, after we spent a bunch of money, that they just didn’t feel like they wanted to work with this other person and didn’t want to do the job,” Eastwood said.

According to Eastwood’s account, the actor’s role in the project had been significant, making their sudden departure especially disruptive to the production. Eastwood said he confronted the situation directly, urging the actor to make things right with those who had financially backed the project. “I was like, ‘You need to pay that money back to that person who invested in you,’” Eastwood said. “And they [said], ‘I’m not going to do that.’”

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Eastwood’s comments prompted a striking response in the article’s comment section, where a user identifying themselves as “Kevin A.” wrote, “It was me. I left the film. And I’m not sorry.” The identity and authenticity of that commenter could not be independently verified.

Beyond the specific incident, Eastwood used the podcast appearance to reflect more broadly on patterns of behavior he has witnessed throughout his career in Hollywood, a industry he has direct, lifelong familiarity with given his father’s decades-long career as both an actor and director. “I’ve seen some behavior in this business that is shocking,” Eastwood said. “That would not go in other industries, but for some reason because we idolize [actors] … you’re like, ‘What dude?’”

Eastwood also offered a broader critique of the pursuit of fame itself, distinguishing it from the pursuit of financial success within the entertainment industry. “People think they want to be famous — you don’t want to be famous,” he said. “Rich, sure. But to be famous, that goal is so twisted … the whole other side of that is really ugly.”

Clint Eastwood, 96, built his career beginning in the 1960s, first rising to stardom in a series of Italian-produced Western films often referred to as spaghetti Westerns, before taking on the “Dirty Harry” franchise throughout the 1970s and 1980s. He later transitioned into directing, earning widespread critical acclaim for films including “Mystic River” and “American Sniper.” Scott Eastwood has followed a related but distinct path in the industry, appearing in several of his father’s films early in his career before building a broader résumé that includes roles in major studio productions such as “Suicide Squad” and “The Fate of the Furious.”

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Scott Eastwood’s physical resemblance to his father has drawn frequent comment throughout his career, with many observers noting the strong similarity between the two actors’ appearances despite the generational and stylistic differences in the types of roles each has pursued on screen.

Eastwood’s remarks add to a broader, ongoing conversation within entertainment media about accountability and professional conduct within the film industry, particularly regarding how established stars handle disputes with directors, producers and financial backers during active productions. While Eastwood declined to name the actor at the center of his story, his comments reflect a level of frustration with what he characterized as a broader pattern of entitled behavior among some of his peers who have achieved significant fame within the industry.

As of the podcast’s release, neither Eastwood nor representatives for any specific actor have publicly confirmed the identity of the individual referenced in his comments, leaving the specific production and actor involved unconfirmed beyond Eastwood’s own account shared during the podcast conversation.

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ExxonMobil Continues To Lead Over Chevron

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Aker BP Stock: Good Company, Tricky Short-Term Outlook (OTCMKTS:AKRBY)

ExxonMobil Continues To Lead Over Chevron

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(VIDEO) Melbourne Hiker, 28, Found Dead on Remote Wyoming Trail After a Weeklong Search and Rescue Operation

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Melbourne Hiker, 28, Found Dead on Remote Wyoming Trail After

William Standish, a 28-year-old hiker from Melbourne, has been found dead on a remote section of the Continental Divide Trail in Wyoming, after a weeklong search effort launched when he stopped sending regular updates to his family in Australia.

Standish had built his life around hiking, traveling to destinations including Sweden, Nepal, Papua New Guinea, Canada and the United States to pursue his passion. At the time of his death, he had been attempting a second try at the Continental Divide Trail, a demanding route stretching from Canada to Mexico, after an earlier attempt in 2024 ended when he injured his foot and returned home early. This time, Standish was hiking the trail southbound.

Standish had been sending his family regular updates through a Garmin satellite communication device throughout his hike, with his most recent detailed update, outlining his planned next movements, sent on July 19. On July 23, his family received a check-in without coordinates or a written message, but a video sent through Facebook Messenger that they believed placed him somewhere in the Teton mountain range. When they had not heard anything further by July 27, they contacted national park officials to raise concerns.

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Teton County Search and Rescue, based in Jackson, Wyoming, launched a search for Standish after he was reported missing on a remote portion of the trail located between Yellowstone and Grand Teton National Parks. On Wednesday morning, nearly a week after he was first reported missing, a search and rescue helicopter crew flew to his last presumed location and spotted a bright orange backpack from the air. The team then located Standish’s body.

In a statement, the rescue group said Standish appeared to have died following a fall in an area known as “the Wigwams,” on the west slope of the Tetons. “Evidence suggests that he may have fallen from a steep, high-altitude ridgeline that separates Grand Teton National Park and the Jedediah Smith Wilderness,” the rescue group’s statement said. Standish’s body was recovered and transported to Teton County Search and Rescue headquarters in Jackson, before being transferred to the Teton County Coroner’s Office. “TCSAR sends its sincere condolences to the family and friends of the deceased, and wishes to express its gratitude to the partnering federal agencies who assisted in the investigation,” the group said.

Standish’s family described him in a statement as a deeply loved and vibrant presence in their lives. “Our beautiful Will was a treasure,” the family said. “He was funny, cheeky, adorable, smart and kind. Unapologetically himself. He felt deeply, loved genuinely and always, always made people feel seen.” The family said Standish had a strong passion for social justice and a deep connection to the natural world, having studied environmental sciences and spent a semester abroad in the Czech Republic during his studies. They thanked the search and rescue teams and authorities involved in locating and caring for him. “We want to thank the tireless efforts of the Search and Rescue teams who found him and the authorities who are caring for him until we can bring him home,” they said, adding a direct message to Standish himself. “We love you. We will carry you with us forever. Thank you for filling our lives with a love so deep, so full of colour and warmth. Rest in eternal sunshine. Dance with the stars.”

Katie Jackson, a friend Standish had met on the trail, shared her own tribute on social media, describing the significance of the connections made while hiking. “Struck this week by the enormity of the choices we make: where we go, what we do, and especially who we go with,” she wrote. “Incredibly grateful to have known Will so well and experienced how his life touched and changed mine. Will had a uniquely large heart that was filled to the brim with love from and for his family, friends, adventures, tiny foster puppies, music, snowboarding, and comically large burritos. To know him was to spend most of your day laughing.”

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The Continental Divide Trail Coalition also paid tribute to Standish following his death, describing the broader hiking community’s response to news that he had gone missing. “The CDT community lost a bit of light this week,” the group said in a statement. “Though he began his 2026 hike stronger than ever, Will was reported overdue on July 26. Concerned hikers immediately rallied to spread the word and join the search, which was a bit of comfort to his worried family in Australia. At CDTC, like so many others, we are deeply saddened by the news of Will’s passing.”

Following Standish’s death, friends he had met along the trail launched a fundraiser to help cover the cost of his funeral and the expense of returning his body to Australia. A spokesperson for Australia’s Department of Foreign Affairs and Trade confirmed the department is providing consular assistance to Standish’s family. “We send our deepest condolences to the family at this difficult time,” the spokesperson said.

Given the nature of this story, readers who may be personally affected by news of a loved one lost while hiking, traveling or pursuing outdoor adventure are encouraged to reach out to trusted friends, family or grief support resources during what can be an especially difficult time to process this kind of loss.

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Apple’s Selloff Looks More Like An Opportunity Than A Warning (NASDAQ:AAPL)

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Apple Stock: Q3 Is About Cameras, Not AI - Here's Why That's A Good Thing (NASDAQ:AAPL)

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“AWS Certified AI Practitioner Early Adopter”I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I have been the primary driver of Anthropic-based tooling in our company’s division, and have successfully pushed for the division-wide integration of tools like Claude Code via AWS Bedrock. I am currently spearheading the implementation of AI-infrastructure in our division.I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I have increasingly deep knowledge on the science behind generative AI systems as a result of first-hand experience with machine learning algorithms, model training, and model deployment.I contribute to Seeking Alpha as an outlet to share my AI and machine learning insights through an investment-focused lens.Closely associated with LL InsightsPer TipRanks (6/26/25) – 2 Year Timeframe#716 out of 31,463 Financial Bloggers #1,222 out of 41,143 experts

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Celtics Have Explored a Blockbuster Trade for Stephen Curry, Ending His Long Warriors Tenure

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Stephen Curry, Golden State Warriors

Boston Celtics President Brad Stevens has explored a blockbuster trade for Golden State Warriors star Stephen Curry, according to a report from Sports Illustrated insider John Karalis, a potential move that would end the four-time NBA champion’s 17-year run with the only franchise he has ever played for.

Curry, 38, has spent his entire career with Golden State since entering the league, but according to Karalis’s reporting, Stevens has reached out to the Warriors about a potential deal involving the veteran point guard. The reported outreach comes just months after Boston traded Jaylen Brown to the Philadelphia 76ers in exchange for Paul George and draft capital, a swap that left much of the Celtics’ fan base unimpressed at the time and left the team searching for another marquee addition to pair with star forward Jayson Tatum.

According to Karalis, no deal is close to completion, and any trade remains, in his characterization, a long shot at this stage. Even so, the report indicates that trade conversations between the two franchises have already begun in some capacity.

Golden State’s struggles this past season have fueled the speculation. The Warriors finished 10th in the Western Conference standings, a steep decline for a franchise that has been built around Curry for the better part of two decades. Forward Jimmy Butler is still working his way back from a torn ACL, and the team leaned heavily on aging veterans throughout the season, a strategy that Karalis suggested contributed directly to Golden State’s disappointing finish. Karalis described the current situation as representing “a crack in the foundation of the Curry-era Warriors,” which he characterized as the first real sign of instability of its kind since Curry first arrived in the Bay Area.

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Despite Golden State’s roster struggles, Curry himself remains one of the league’s most productive guards. He averaged 26.6 points, 3.6 rebounds and 4.7 assists per game last season, while shooting 46.8% from the field and 39.3% from three-point range. Curry currently earns more than $62 million annually, and the Warriors are reportedly preparing to offer him a max contract extension as soon as this August, a move that would suggest the franchise’s own stated intention is to keep him in Golden State rather than facilitate a trade.

Under the hypothetical trade structure described in the report, the Celtics would send Paul George, Sam Hauser and multiple future first-round draft picks to Golden State in exchange for Curry. For Boston, acquiring Curry would immediately give Stevens a second bona fide superstar to pair alongside Tatum, a move that could help restore the Celtics as a legitimate championship threat in the Eastern Conference following an offseason that had otherwise left some fans questioning the front office’s direction after the Jaylen Brown trade. Boston would still retain multiple future first-round picks even after including several in a potential Curry package, according to the report, giving Stevens continued flexibility to keep building around his two stars going forward.

For Golden State, the hypothetical return centers primarily on the draft capital rather than George or Hauser individually. George would give the Warriors a proven wing scorer, though his long-term fit with the roster remains uncertain given his age and recent injury history, while Hauser would add shooting depth off the bench. The more significant value for Golden State, according to the report’s framing, would come from the draft picks themselves, offering a team that finished 10th in the West a path to rebuild through the draft rather than continuing to patch its roster with aging veteran additions.

Even acknowledging the report’s framing that the star power in any such deal would clearly tilt toward Boston, Curry’s greater individual impact relative to the proposed package underscores why Golden State would need significant draft capital to make a trade worthwhile from its own competitive rebuilding perspective, even at age 38.

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Curry’s situation stands in contrast to other recent star movement across the league this offseason, including LeBron James’s decision to sign with the Philadelphia 76ers and the earlier trade that sent Jaylen Brown from Boston to Philadelphia. That broader wave of roster shakeups across multiple contending franchises has continued fueling speculation about further star movement as teams reassess their championship windows heading into the 2026-27 season.

As of the report’s publication, neither the Warriors nor the Celtics have publicly confirmed any trade discussions involving Curry, and league sources cited in Karalis’s reporting characterized the idea as still far from becoming an actual completed transaction. Whether the speculation ultimately develops into a formal trade proposal is likely to depend heavily on how both Golden State’s front office and Curry himself view the franchise’s competitive outlook in the coming weeks, particularly as the Warriors weigh whether to proceed with the reported max extension offer that would signal their intention to keep Curry in the Bay Area for the remainder of his career.

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Capital One Says It Closed Trump Organization Accounts Over Anti-Money Laundering Concerns in Court Filing

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Donald Trump said he could 'fix' America -- and he wants another term  as president to push his agenda through

Capital One Financial pushed back Friday against a lawsuit challenging its decision to close the Trump Organization’s bank accounts years ago, stating in a new court filing that the closures followed a formal review by the bank’s anti-money laundering experts.

The disclosure marks the first time a bank has formally tied money laundering concerns to a business closure involving President Donald Trump’s family company. Capital One is seeking to have the lawsuit dismissed by casting doubt on claims that it illegally debanked the Trump Organization, a term referring to the denial of banking services on religious or political grounds.

Capital One has not accused the Trump Organization of engaging in illegal money laundering. Instead, Friday’s filing argues that the underlying documents and the plaintiffs’ own allegations demonstrate the accounts were closed for legitimate anti-money laundering reasons. “Documents and Plaintiffs’ own allegations make clear that Capital One closed Plaintiffs’ accounts for anti-money laundering (‘AML’) reasons,” the filing said. “The closures were the result of months of analysis and a careful review by Capital One’s AML team in accordance with bank policies and regulatory guidance.”

Capital One first notified the Trump Organization of its plan to close more than 300 Trump-affiliated bank accounts in March 2021. The Trump Organization and Eric Trump, the president’s son, filed a lawsuit in a Florida federal court in March 2025, alleging that Capital One closed the accounts because of what they characterized as the bank’s “woke” beliefs and a desire to capitalize on the political climate following the Jan. 6, 2021, riot at the U.S. Capitol.

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The federal court in Miami has twice dismissed complaints filed in the case, though the presiding court gave the plaintiffs an opportunity to submit an amended complaint after each dismissal. Capital One argued in its Friday filing that the most recent version, submitted in July, “suffers from the same fundamental flaws as their prior two pleadings.” The bank characterized the Trump Organization’s allegations of political motivation as “misguided” and said they were “based on cherry-picked quotations unsupported by the full context” of the documents submitted to the court. Capital One added that “the transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance,” pointing to established regulatory standards as the basis for its account-closure decisions.

Neither the Trump Organization nor Capital One immediately responded to requests for comment on the filing.

The case unfolds against a broader backdrop of tension between the Trump administration and major U.S. financial institutions since the start of the president’s second term. The administration has put pressure on several large banks, echoing longstanding conservative complaints that financial institutions have deliberately targeted customers and businesses associated with the political right. Trump signed an executive order in August 2025 barring what the administration described as discriminatory debanking practices. In January, Trump filed a separate lawsuit against JPMorgan Chase on similar grounds, further illustrating the fraught relationship between the administration and Wall Street during his current term.

Trump’s history of legal disputes with Capital One predates the current lawsuit. During his first term, in 2019, Trump sued both Capital One and Deutsche Bank in an effort to prevent the institutions from sharing his financial records with Congress as part of a probe led by Democratic lawmakers. Anti-money laundering professionals at Deutsche Bank reportedly flagged a set of transactions connected to Trump at the time, though bank executives ultimately did not act on those flags; Deutsche Bank denied that characterization of events when the report first surfaced.

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The current dispute represents a significant escalation in the broader debanking controversy, given that Capital One’s court filing marks the first instance of a major bank formally and publicly linking anti-money laundering concerns specifically to its decision to sever ties with the Trump Organization. Previous public disputes over debanking allegations involving Trump-affiliated entities and other conservative-aligned individuals and businesses have generally centered on claims of political or ideological discrimination, rather than explicit acknowledgment by a bank that its own internal compliance review identified transaction patterns warranting scrutiny under federal anti-money laundering guidance.

With the Miami federal court having already dismissed two prior versions of the complaint and Capital One now arguing that the latest amended filing suffers from the same underlying deficiencies, the case’s future will likely hinge on how the court evaluates Capital One’s characterization of the closures as a routine, compliance-driven business decision against the Trump Organization’s continued allegations that the closures were instead politically motivated. No trial date or further hearing schedule was disclosed in the reporting on Friday’s filing.

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