Trump says that large banks have rejected it because of his conservatism

US President Donald Trump said on Tuesday that several major American banks refused to do business with his businesses after his first mandate, arguing that this was in a tendency of political discrimination targeting the conservatives.

• Read also: Tariff war: “Trump is getting what he wanted”

• Read also: Epstein case: The Trump administration plans to make the interview between Ghislaine Maxwell and the Department of Justice public

“They are discriminating against many conservatives,” said Trump in an interview on the CNBC channel, explicitly citing Jpmorgan Chase and Bank of America.

According to the billionaire, Jpmorgan Chase said to him “you have twenty days to stop” operations with the bank.

When he tried to open accounts with the second, he was also rejected, added Mr. Trump who is preparing, according to press information, to sign a decree on this subject.

Personalities of the American right have said for some time that banking establishments are engaged in such political discrimination.

The president explained that these refusals had been opposed to him “after I was president”, that is to say after his first mandate and, probably after taking the Capitol in Washington in January 2021 by dozens of his supporters who sparked strong criticism.

He said on Tuesday that he had directly contacted Jamie Dimon and Brian Moynihan, respectively bosses of JPMorgan and Bank of America (Bofa), to intervene in his favor, but in vain.

Bofa, who refused – just like JPMorgan – to comment on the words of Mr. Trump, had previously said that “political convictions do not enter into the decision -making factors to close an account”.

According to Wall Street Journalthe White House has prepared a presidential decree intended to put pressure on the banks considered to be discrimination against the conservatives.

The daily says it has consulted a text project, which could be signed by Donald Trump this week if the administration does not change position by then.

Comments (0)
Add Comment