Trump Claims Banks Rejected Him as Customer
President Trump disclosed that both JPMorgan Chase and Bank of America previously rejected him as a customer, alleging unfair treatment of conservative clients. Trump stated that JPMorgan Chase demanded he move “hundreds of millions of dollars” and Bank of America denied his request to deposit over a billion dollars. These actions prompted the president to seek accounts at smaller banks. This situation reignited discussions surrounding claims of “de-banking” by conservative individuals, with banks citing compliance with financial crime prevention laws as justification.
John Q. Hosedrinker