Wall Street Journal: “Justice Arthur Engoron in his decision Friday banned the former president from serving as an executive of the Trump Organization or any other New York company for three years, and his sons Eric Trump and Donald Trump Jr. for two. Trump and his business are also barred for three years from applying for loans from financial institutions registered with or chartered in New York state.”
“Collectively, the restrictions will force Trump’s real-estate conglomerate to reimagine how it does business inside and out of New York, all under the heavy oversight of a court appointed monitor. The judge ordered the installation of an independent compliance director at the Trump Organization.”
“The ban on borrowing could have the greatest impact, lawyers said, because most large U.S. banks are registered or have charters with New York.”
