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Trump steps out of the White House and into a company in crisis

Trump steps out of the White House and into a company in crisis
David Fahrenthold, Jonathan O Connell
Trump departs White House hours before Biden s inauguration
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Donald Trump returns to his company this week as it faces a deepening crisis, with key properties bleeding revenue and its bankers, lawyers and customers fleeing the company.
Financial disclosure forms, filed by the former president as he left office, revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home.
Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami also carrying a huge debt load saw a 44 percent drop. ....

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Donald Trump returns to a company facing a deepening financial crisis

New financial disclosures show the depth of his financial problems, compounded by his role in the Capitol riot. ....

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Donald Trump steps out of the White House and into a company in crisis

Now, former US President Donald Trump returns to a business remade in the image of the country he led: Beleaguered, indebted and toxically politicised. ....

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Law firm that handled Trump's tax affairs while he was president STOPS representing him

Morgan Lewis & Bockius dropped Trump as a client after Biden s inauguration
Firm provided key support in defending Trump s refusal to release tax returns
Trump is battling Manhattan DA who seeks eight years of his tax returns
DA Cyrus Vance s two-year investigation appears to be at an advanced stage
Law firm Seyfarth Shaw has also cut ties with the Trump Organization
Meanwhile Biden s DOJ will have to decide whether to continue representation
Justice Department is defending Trump in E. Jean Carroll s defamation suit ....

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