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Trump accuses Bank of America, JPM of not doing business with conservatives

  • President Donald Trump accused Bank of America and JPMorgan Chase of debanking conservative and religious groups due to their politics, as reported by the New York Times.
  • Both banks denied Trump's claims, stating they serve all clients without a political litmus test, according to Bank of America spokesperson Bill Halldin and JPMorgan representative Patricia Wexler.
  • Trump's comments at Davos served as a warning to corporate executives about not tolerating perceived slights against conservatives, as noted in the report.
  • The backlash against DEI initiatives has escalated under Trump, who signed executive orders to investigate these programs in publicly traded companies, according to the text.
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Lean Left

What Trump’s public scolding of Bank of America’s CEO was really about

The point of Donald Trump’s jab at Bank of America CEO Brian Moynihan was not just to dunk on one prominent financier. It was also a warning to every executive at Davos, and everyone watching the livestream around the world, that any slight — real or imagined — against his base won’t be tolerated.

·Atlanta, United States
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  • 54% of the sources lean Right
54% Right

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npr broke the news in Washington, United States on Thursday, January 23, 2025.
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