Trump Accuses Major Banks of Politically Motivated 'Debanking' at Davos

At the World Economic Forum, Trump criticized Bank of America and JPMorgan Chase for allegedly denying services to conservatives, a claim the banks deny.

Former President Donald Trump called out Bank of America and JPMorgan Chase at the World Economic Forum, alleging they have denied financial services to conservatives.
Both banks have denied the accusations, stating they do not close accounts for political reasons and comply with federal regulations on account closures.
Trump’s remarks have reignited conservative concerns over 'debanking,' a practice critics say targets individuals and organizations based on political or religious affiliations.
Republican attorneys general and lawmakers have previously raised concerns about alleged politically motivated account closures, demanding transparency from financial institutions.
Banking leaders, including JPMorgan CEO Jamie Dimon, have cited federal regulations and potential penalties as factors influencing account closure decisions, while calling for clearer regulatory guidelines.