Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

German AfD’s local cell given notice on bank account, cites political reasons

admin by admin
January 22, 2025
in Economy
0
German AfD’s local cell given notice on bank account, cites political reasons
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

BERLIN (Reuters) – A local chapter of the far-right Alternative for Germany party said on Wednesday its account had been terminated by the cooperative bank where it keeps its money, describing the move as part of the election campaign against it.

When contacted by Reuters, Volksbank Duesseldorf-Neuss said it would not comment on any customer relationships.

The AfD continues to run a strong second in the polls ahead of the Feb. 23 national election and analysts say Donald Trump’s return to the White House could give the anti-immigration, anti-Islam party a further boost.

Analysts say it is unlikely to gain power due to the other parties’ “firewall” – a refusal to work with a party they regard as anti-democratic. But some politicians from other parties have called for a tougher response to the AfD, even an outright ban.

The German electoral system makes it almost impossible to form a government without a coalition of parties.

The Duesseldorf branch of the AfD party posted a letter on its social media channel in which it was told by Volksbank Duesseldorf-Neuss that its account would be closed.

“We are making use of our right under our general conditions of business to end our business relationship from March 31,” the bank said in the letter, without giving a more specific reason for its move.

This is not the first such case.

Last year, the Berlin Volksbank closed the AfD’s donations account after 33,000 people signed a petition started by “Grandmas against the Right”, an anti-fascist activist group.

“Debanking is a curious way of campaigning,” the AfD’s Duesseldorf branch said on Telegram. Its campaign will not necessarily be affected since the party has until the end of March, more than a month after election day, to make alternative arrangements.

This post appeared first on investing.com

Previous Post

Israel central bank chief says 1-2 rate cuts possible in 2025 if inflation cooperates

Next Post

Brazilian government officials renew fiscal balance pledge

admin

admin

Next Post
Brazilian government officials renew fiscal balance pledge

Brazilian government officials renew fiscal balance pledge

Trending News

Why I disagree with Cathie Wood on Shopify stock ahead of Q3 earnings

Why I disagree with Cathie Wood on Shopify stock ahead of Q3 earnings

November 11, 2024
Short US30: bearish momentum builds as tariff risks and key support breakdown threaten further decline

Short US30: bearish momentum builds as tariff risks and key support breakdown threaten further decline

February 28, 2025
Close, but no cigar

Close, but no cigar

November 28, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.