chairman Donald Trump On Tuesday, it said that two largest American banks had earlier rejected him as a customer, claiming that conservative customers were being denied incorrect accounts.
Trump told CNBC’s “squalk box” in a comprehensive interview that JPMorgan Chase He informed that he had 20 days to transfer “millions of dollars in cash” to another bank. He did not do this when it happened.
The President then said that he contacted Bank of America Trump said “to deposit one billion dollars-plus” and said that the bank could not provide him an account.
,[Bank of America CEO Brian Moynihan] Said, “We can’t do this,” said Trump. “So I went to one and one, one and one, one and one. I finished going to small banks everywhere. I mean, I was putting $ 10 million here, $ 10 million there.”
While Trump mentioned his business, possibly referring to his real estate and hospitality group, it was not clear that the episode was in terms of individual or professional accounts, or both.
Trump said that he believes that big banks rejected him and his supporters as the regulators pressurized the companies during the Biden administration.
“Banks discriminated with me very badly, and I was very good for banks,” Trump said.
JP Morgan refused to target conservators or Trump supporters for the de-banking.
JP Morgan spokesperson said, “We do not eat for political reasons, and we agree with President Trump that there is a dire need for regulatory changes.” “We appreciate the White House for addressing the issue and are ready to work with them to get this right.”
A spokesman for the Bank of America refused to comment immediately.
This story is developing. Please check back for updates.
