Finally, Amalgamated Bank Gets Some Much Needed Attention

Inside The ‘Ideological’ Bank Profiting Off Democrat Dollars And Funneling The Money Back To Leftist Causes.

Federalist: Amalgamated Bank, with just five branches across three cities, would seem an unlikely mover and shaker in the world of Wall Street, let alone Washington, D.C. Yet last fall, it successfully pressured colossal credit card companies Visa, Mastercard, and American Express to use the financial system to track and report gun purchases. Amalgamated is “more than a bank,” says Michael Watson of the Capital Research Center. “It’s a bank for an ideological movement.” 

This “ideological” bank holds $7 billion in deposits and manages or maintains custody of some $51 billion. That pales in comparison to financial institutions such as JP Morgan, with its $2.4 trillion in deposits, or the $8.6 trillion in assets managed by BlackRock. But Amalgamated’s outsize influence owes to its role as cue to the wider corporate world given the major sources of that money – the Democratic Party, progressive activist groups, and major labor unions. 

Amalgamated is the commercial banker for the Democratic National Committee, along with Joe Biden and virtually every other 2020 presidential contender, and congressional leaders like Rep. Nancy Pelosi. All told, Amalgamated serves more than 500 political organizations. As the New York Times said of Amalgamated, it is “the left’s private banker.” MORE

Their client list— https://web.archive.org/web/20200928033524/https:/www.amalgamatedbank.com/clients