Trump says major US banks ‘discriminated against me’ as White House preps debanking executive order
Debanking returned to the agenda this week after President Trump said that the country’s two largest US bank JPMorgan Chase (JPM) and Bank of America (BAC) rejected him as a customer.
Bank Banks made a very bad discrimination against me and I was very good for banks, Tr Trump said that they were “discriminating against many conservatives in the” Squawk Box “.
For years, the Republicans claimed that US banks rejected accounts to certain customers for political reasons. Crypto companies warned that they were not allowed to receive banking services in Biden.
“There were hundreds of millions. I had a lot of cash installed. I had a lot of accounts. I was loaded with cash and told me, ‘Sorry, sir, we can’t have you. There’s 20 days to get out,’ ‘Trump said Trump lost his bank accounts with JPMorgan Chase.
The President said that he had gone to the Bank of America to deposit a billion dollars plus a plus.
Tr We can’t, Tr Trump said, “Squawk Box”, as well as Washington, DC, as an important reason for the rejection of the banking services of himself and others on banks’ pressure on banks.
“I went to small banks everywhere.”
The President’s comments came in response to a Wall Street Journal report On Monday, the White House was preparing to prepare a relevant executive order around Debacking, which will allow good banks to discriminate against customers for political reasons.
Bank of America did not respond immediately to Trump’s comments.
“We do not close the accounts for political reasons, and we accept that the regulatory change is needed desperately with President Trump. He said.
Both of these giant lenders and CEOs rejected customers for political reasons.
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Trump has a vibrant question at the World Economic Forum in Davos in Switzerland -for the first time in January when Bank of America met Brian Moynihan during the answer.
“I hope you start to open your bank to conservatives,” Trump said to Trump Moynihan. The president also included Jame Dimon, Jpmorgan Chase CEO in his confrontation. “I do not know by the regulators or what you need to do so, but you and everyone else, I hope you open your banks to the conservatives, because what you do is wrong.”
