Trump Accuses Bank of America and JPMorgan of 'Debanking' Conservatives at Davos

Jan 23, 2025, 05:04 PM

President Donald Trump, delivering a virtual address to the World Economic Forum in Davos on Thursday, publicly criticized Bank of America and JPMorgan Chase for allegedly denying services to conservative customers. During a Q&A session after his speech, Trump directly confronted Bank of America CEO Brian Moynihan, stating, "I hope you start opening your bank to conservatives because what you're doing is wrong." He accused the banks of "debanking" conservatives and suggested that their actions might be mandated by regulations from the Biden administration. Moynihan did not directly address the allegations, instead commenting on the upcoming World Cup being held in the United States. Trump's remarks highlight ongoing concerns from conservatives about discrimination by major financial institutions.