Hello and welcome to the details of Trump claims big US banks shunned him over conservative politics and now with the details
Nevin Al Sukari - Sana'a - President Donald Trump said both JPMorgan Chase and Bank of America had shunned him. — AFP pic
NEW YORK, Aug 6 — President Donald Trump said yesterday that major US banks had turned down his business as part of an alleged pattern of political discrimination against conservatives that right-wing figures have long claimed.
“They discriminate against many conservatives,” said Trump, who reportedly is preparing an executive order to address the issue.
Trump, in an interview on CNBC, said both JPMorgan Chase and Bank of America had shunned him.
JPMorgan Chase told Trump “you have 20 days to get out” of the bank’s operations, the president told the network.
When Trump tried to open accounts at Bank of America, he was also rebuffed. Trump said that occurred “after I was president,” likely the period following his supporters’ January 6, 2021 siege on the US Capitol that prompted widespread condemnation.
Trump said he personally lobbied both JPMorgan Chief Executive Jamie Dimon and Bank of America Chief Executive Brian Moynihan, but neither relented.
“Brian was kissing my ass when I was president, and when I called him after I was president to deposit a billion dollars plus and a lot of other things,” Trump said. “He said, ‘We can’t do it.’”
Bank of America declined to comment on Trump’s remarks yesterday. The bank has previously said that “political beliefs are not a factor in account closure decision.”
It said it “welcomed” the Trump administration’s efforts to “provide regulatory clarity to banks,” adding that it was working with the White House on improving regulation.
JPMorgan said it doesn’t close accounts for political reasons, but supported improved regulation of banks in a statement that did not directly comment on Trump’s account of his dealing with Dimon.
“We’re pleased to see the White House is addressing this issue, for which we’ve been advocating for many years, and look forward to working with them to get this right,” JPMorgan said.
The White House has prepared an executive order to pressure big banks over perceived discrimination against conservatives, according to the Wall Street Journal, which reviewed a draft of the policy.
The draft order criticizes the role some banks played after January 6, said the Journal, which added the order could be signed this week but that it was also possible the administration’s “plans could change.” — AFP
These were the details of the news Trump claims big US banks shunned him over conservative politics for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
