Posted on 04/12/2016 9:35:45 AM PDT by RightGeek
Deutsche Bank on Tuesday announced that it will freeze plans to create 250 jobs at its Cary location due to North Carolina's new discrimination law, House Bill 2.
The announcement on the company's website said the statewide legislation "invalidated existing protections of the rights of lesbian, gay, bisexual and transgender fellow citizens in some municipalities and prevents municipalities from adopting such protections in the future."
[snip]
In September 2015, the bank announced its plan to add the 250 jobs through 2017 and invest $9 million there through the end of this year. North Carolina agreed to provide about $3.3 million in incentives for the expansion.
In a statement, Deutsche Bank's Co-Chief Executive Officer John Cryan said, "We take our commitment to building inclusive work environments seriously. Were proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future.
(Excerpt) Read more at wral.com ...
Saved the NC taxpayers some money.
Besides Deutsche Bank has more than few problems with solvency - https://marketrealist.com/2016/02/investors-nervous-deutsche-banks-solvency/
Deutsche Bank on Tuesday announced that it will freeze plans to create 250 jobs at its Cary location due to North Carolina’s new Law enforcing the teachings of ISLAM and The QURAN regarding Homosexuality.
There Fixed it.
I can see a lot of ways in which a retaliation against this bank can be done in this war. Let us see if the NC government has assets or financed products and lands linked to Deutsche and divest.
This is a case for secession. That being said, I am sure Deutsche is fine killing Israel and dining with Saudis ultimately. Hypocrits.
exactly. Please NC stay strong!!
The US has gone mad.
When these companies get hit with the lawsuits from rape and video and molestation victims, they might change their minds.
Can someone please say “The King has no Clothes!!”
ANY republicans out there saying that?!?!
I would love for Trump or Cruz to say it’s ABSURD.
Plus now I have to watch Tombstone again.
Do they do business in Saudi arabia?
I'm hoping our state .gov critters don't get stoopit on this and start backtracking. Hopefully they line up behind Mr Forest and make a stand.
I'm soooo friggin sick of caving to these progressives. It never stops. Proof positive of why ya just can't giv'em that first piece'o'cheese.
The New York City carpetbaggers have ruined Charlotte as it is.
Except when they exclude NC and normal people. Hypocrites.
https://www.db.com/mea/en/content/1634.htm
In April 2006, Deutsche Banks presence was established in the Kingdom of Saudi Arabia with the opening of a branch in the capital, Riyadh.
Obviously they support the wholesale EXECUTION OF HOMOSEXUALS!
They are hypocrites of the highest order!
Deutsche Banks commitment in the MEA region is more than a century old, beginning with the Banks financing of the construction of the Baghdad railway.
Deutsche Bank opened its first representative office in Cairo in 1959, followed by two branches in Karachi and Lahore in the sixties. In 1976, Bahrain Representative Office was established along with another branch in Islamabad in Pakistan in 1996.
In 1999, Deutsche Bank embarked on a regional expansion drive across the GCC which began with the opening of an office in the UAEs Capital Abu Dhabi in 1999, followed by two offices in Dubai: a representative office inaugurated in 2001 and a branch at the Dubai International Financial Centre (DIFC) in 2005.
In April of 2006, Deutsche Bank opened a branch in the Kingdom of Saudi Arabia, in the capital Riyadh. In November of 2007, Deutsche Bank opened its branch in the Qatar Financial Centre in Doha.
The opening of Deutsche Bank AG Abu Dhabi Branch in 2010 further demonstrates the bank’s commitment to the UAE market, with a particular emphasis on its Global Transaction Banking (GTB) division.
If you are a Cultural Conservative, your allies in the Economic Conservative contingent have just thrown you under the bus. No reason to vote to protect their interests anymore, cause they sure as hell aren’t protecting yours.
All these corporations who are offended by states like NC and Mississippi enacting minimal protections for religious freedom should be prohibited from doing business in, or selling products in, those states. Let’s take them at their word. Let’s not let them take our money.
As recently as five years ago, virtually no state or municipality had laws pertaining to transgender use of bathrooms. Now, the failure to have a law allowing it places you beyond the pale of polite society. This is how “progressivism” works.
Indeed, Deutsche is going to surffer if the Uk does the Brexit in Europe. Maybe NC can help finance it!
Indeed, they spin freedom in inquisition by government. Deutsche should be mandated to pay for the damn special bathrooms and not force this cheap mixing
Kasich is all for it. DB is in with Kasich on this one.
Nasty scenario. The election runs through ohio.
Yes, they have a Branch in Saudi.
Yes, they have a branch in Saudi.
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