Trump airs personal financial grievances ahead of "debanking" crackdown

Source: New York Times

President Trump said on Tuesday that he was a victim of discrimination by two of the nation’s largest banks, and suggested that his personal experience was fueling his animus with Wall Street.

Mr. Trump, in an interview on CNBC, said both JPMorgan Chase — the nation’s largest bank — and Bank of America refused to accept more than $1 billion in deposits from the Trump Organization after his first term. He said he had made personal appeals to the chief executives of both banks but had been rejected.

“The banks discriminated against me very badly,” Mr. Trump said.

Mr. Trump’s remarks couldn’t immediately be confirmed. A JPMorgan spokesman did not address Mr. Trump’s charge, instead sending a statement saying the bank would not comment on clients. Bank of America declined to comment. The Trump Organization earlier sued Capital One for closing its accounts in the wake of the Jan 6., 2021, attack on the Capitol.

Read more: https://www.nytimes.com/2025/08/05/business/trump-debanking-jpmorgan.html