White House to target banks as Trump claims discrimination
- Posted on August 6, 2025
- By Business News Today
- 1 Views

White House to target banks as Trump claims discrimination

Donald Trump accuses JPMorgan and Bank of America of discriminating against him and conservatives, alleging they rejected his deposits. He plans to act against banks for alleged "debanking" practices, instructing regulators to review banks for politicized actions. Banks deny political motivations, citing regulatory burdens and reputational risks as factors influencing their decisions, welcoming clarification of policies.