Trump accuses Bank of America and JPMorgan of discrimination against conservatives

From CNBC: 2025-01-23 14:10:15

President Donald Trump accused Bank of America and JPMorgan Chase CEOs of refusing to serve conservatives, a claim both deny. The accusations stem from increased regulator pressure on banks post-2008 crisis to purge high-risk clients. Bank of America responded to claims of discrimination, stating that religious or political beliefs never factor into account decisions. Marc Andreessen, who advises Trump on technology, claimed dozens of startup founders were de-banked. Bank of America and JPMorgan shares rose on Thursday, as the banking industry expects Trump to ease Biden-era regulatory efforts.

Read more: Trump takes shot at Bank of America, revives claims of discrimination