Market
How will the 'debanking' controversy with Bank of America be resolved by end of 2025?
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World Economic Forum•Davos•Donald Trump•Bank of America•Brian Moynihan•Moynihan•Trump•Biden•United States•World Cup
Resolution / Starting Odds
Bank of America denies allegations • 25%
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News reports, official statements from Bank of America, and government announcements
Story
Trump Criticizes Bank of America CEO Brian Moynihan at Davos for 'Debanking' Conservatives
Jan 23, 2025, 04:48 PM
At the World Economic Forum in Davos on January 23, 2025, President Donald Trump publicly criticized Bank of America CEO Brian Moynihan for allegedly 'debanking' conservatives. During a Q&A session where Moynihan had asked Trump a question, the President responded by saying, 'I hope you're going to open your banks to conservatives because what you're doing is wrong. They don't take conservative business.' Trump speculated that the bank's practices might be due to a regulation from the previous Biden administration. Moynihan did not directly address the accusation, instead commenting on the United States hosting the World Cup.
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