JPMorgan, Bank of America Rejected my Deposits - President Trump
President Donald Trump on Tuesday went after the nation’s biggest banks, accusing them of discriminating against him in recent years as his administration weighs options for cracking down on perceived bias against conservatives in the financial system.
Trump said in an interview on CNBC that JPMorgan Chase, Bank of America and others refused to accept more than $1 billion of his deposits. Trump said he eventually had to spread his cash across small banks “all over the place.”
The banks discriminated against me very badly,” Trump said, reviving his criticism that large Wall Street banks had “debanked” conservatives for political reasons. On the campaign trail in 2024, Trump vowed to crack down on the practice and earlier this year publicly scolded Bank of America CEO Brian Moynihan over the issue.
Source: Michael Stratford for POLITICO