Market
Will Bank of America address 'debanking' accusations by March 31, 2025?
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World Economic Forum•Davos•Donald Trump•Bank of America•Brian Moynihan•Moynihan•Trump•Biden•United States•World Cup
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Official press releases or statements from Bank of America
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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