President Trump said two American banks once refused to accept him as a customer, making his comment Tuesday as he prepares an executive order that would punish such institutions for discrimination against conservatives. Here’s what you need to know about the banking discrimination allegations:
The JPMorgan Chase rejection
Trump describes being told to move hundreds of millions:
The Bank of America refusal
Second major bank allegedly turned down billion-dollar deposit:
The small bank strategy
Trump forced to spread money across multiple institutions:
The banks’ responses
Financial institutions deny political discrimination:
The Trump family pattern
Other family members report similar financial discrimination:
The executive order preparation
Trump drafting directive to investigate bank discrimination:
The potential penalties
Violators could face serious consequences:
The 2023 precedent
Bank of America faced previous discrimination allegations:
Trump’s theory
President blames Biden administration pressure:
Read more:
• Trump says two banks rejected him over conservative leanings
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