Trump Accuses Banks of Conservative Discrimination at Davos

During his virtual appearance at the World Economic Forum in Davos, President Donald Trump accused major banks, specifically Bank of America and JPMorgan Chase, of discriminating against conservatives by denying them banking services. Trump criticized Bank of America CEO Brian Moynihan, urging him to open the bank to conservative clients, and questioned whether regulatory pressure under President Biden's administration was responsible for such practices. Bank of America denied these accusations, emphasizing that they serve over 70 million clients without a political litmus test. Allegations of 'debanking' have been contentious, with claims that banks target individuals and companies aligned with conservative politics. Critics, including Virginia Attorney General Jason Miyares, have accused Bank of America of closing accounts for political reasons, a charge the bank disputes. Trump's remarks reflect broader concerns among conservatives about perceived financial exclusion and political biases in corporate America.