Why is Trump Feuding with the Big Banks?

Cheddar News

President Trump renewed his accusations that major banks, including JPMorgan and Bank of America, discriminated against him and conservative customers.

Transcript

00:00President Donald Trump renewed his accusations that major banks like J.P. Morgan and Bank of America

00:05discriminated against conservative customers by closing their accounts.

00:09The president is preparing an executive order instructing regulators to review banks for potential politicized or unlawful debanking

00:16with possible penalties or enforcement actions flagged.

00:20Both major banks denied partisan motives in account decisions while J.P. Morgan stated they don't close accounts for political reasons.

00:28The dispute reflects heightened political pressure on the financial sector

00:31and the evolving interplay between banking access and partisan identity.

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