President Claims Discrimination by JP Morgan Chase and Bank of America
Says bank had told him he had twenty days to move hundreds of millions of dollars in cash to another bank
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- Written by Banking Exchange staff
President Trump told CNBC on Tuesday that JP Morgan Chase had told him he had twenty days to move hundreds of millions of dollars in cash to another bank, and then was denied access to Bank of America.
Trump explained, “So I went to another one, another one, another one. I ended up going to small banks all over the place. I mean, I was putting $10 million here, $10 million there. The banks discriminated against me very badly, and I was very good to the banks.”
The President, as well as other conservatives, have consistently accused banks of discrimination against conservatives, as well as specific companies that would tend to back conservative politicians’ policies.
Tagged under Compliance; Duties; The Economy; Risk Management; Feature3; Feature;
