Trump says major US banks 'discriminated against me' as White House preps debanking executive order [View all]

(Yahoo Finance) Debanking is back in the spotlight this week after President Trump said Tuesday that the country's two largest US banks, JPMorgan Chase (JPM) and Bank of America (BAC), denied him as a customer.

"The banks discriminated against me very badly, and I was very good to the banks," Trump said on CNBC's "Squawk Box," adding that "they discriminate against many conservatives."

For years, Republicans have claimed that US banks have denied accounts to certain customers for political reasons as have some Democrats. Crypto companies have warned more recently that they weren't permitted to get banking services during the Biden era.

"I had hundreds of millions. I had many, many accounts loaded up with cash. I was loaded up with cash, and they told me, 'I'm sorry, sir, we can't have you. You have 20 days to get out,'" Trump said of his experience losing bank accounts with JPMorgan Chase.

https://finance.yahoo.com/news/trump-says-major-us-banks-discriminated-against-me-as-white-house-preps-debanking-executive-order-150942081.html