Trump Claims Biden Administration Is Targeting Conservatives in Banking

On Tuesday, Donald Trump claimed that the Biden-Harris administration has urged banks to “destroy” him and eliminate support for conservatives.

In an interview with CNBC, Trump discussed the challenges he faced with major banks like JPMorgan Chase and Bank of America. He explained that they had cut off their services, saying he was left with “at least millions of dollars” in cash for just 20 days.

Trump recounted his experience, stating that when he approached Bank of America CEO Brian Moynihan, he was told, “We can’t do that.” This led him to seek out smaller banks, where he mentioned, “I mean, I was putting $10 million here and $10 million there.”

“The banks discriminated against me very seriously… They discriminate against a lot of conservatives,” Trump asserted.

He also remarked, “Banks are not afraid of anything other than regulators. Regulators and their wives. They are more afraid of their wives than their regulators.”

According to Trump, he believes the Biden-Harris administration is orchestrating efforts through regulators to harm him politically. He said, “I don’t think Biden or Kamala are smart enough to do it – but the high-IQ people around them… believe they can use the Banking Commission to undermine Trump.”

A spokesperson for JPMorgan Chase emphasized that the bank supports fair access and does not discriminate based on political or religious affiliations. They also pointed out that the banking industry supports reforms to prevent future politicization.

Trump has consistently pushed for banks to serve conservatives without bias, a message he has communicated since the early days of his presidency, even mentioning Jamie Dimon, the CEO of Bank of America and JPMorgan Chase.

Dimon has previously criticized federal regulators for pressuring banks to desist from serving “high-risk” individuals and businesses, asserting, “But Mark is right; they put a lot of pressure on us and tell us what’s risky…”