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24x7Report > Blog > Finance > Trump says JPMorgan Chase, Bank of America rejected him as a customer
Finance

Trump says JPMorgan Chase, Bank of America rejected him as a customer

Last updated: 2025/08/05 at 1:17 PM
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Trump says JPMorgan Chase, Bank of America rejected him as a customer
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President Trump says JPMorgan Chase and Bank of America rejected him as a customer

President Donald Trump stated Tuesday that the 2 largest American banks beforehand rejected him as a buyer, reviving claims that conservative shoppers have been being unfairly denied accounts.

Trump instructed CNBC’s “Squawk Field” in a wide-ranging interview that JPMorgan Chase knowledgeable him he had 20 days to maneuver “tons of of hundreds of thousands of {dollars} in money” to a different financial institution. He did not specify a timeframe for this occasion.

The president then stated he approached Financial institution of America to “deposit a billion dollars-plus” and was instructed the financial institution could not present him an account, Trump stated.

“[Bank of America CEO Brian Moynihan] stated, ‘We will not do it,'” Trump stated. “So I went to a different one, one other one, one other one. I ended up going to small banks in all places. I imply, I used to be placing $10 million right here, $10 million there.”

Trump stated that he believes that enormous banks rejected him and his supporters as a result of regulators throughout the Biden administration utilized strain to the businesses.

“The banks discriminated in opposition to me very badly, and I used to be superb to the banks,” Trump stated.

This story is creating. Please test again for updates.

See also  Mastercard launches GPT-like AI model to help banks detect fraud

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TAGGED: America, bank, Chase, Customer, JPMorgan, rejected, Trump

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