Saturday, October 11, 2025

HomeStock MarketTrump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

President Trump took the head of Bank of America BAC -2.29%decrease; red down pointing triangle to task in front of his global peers this past week, alleging that the nation’s second-biggest bank was actively discriminating against conservatives.

Bank of America Chief Executive Brian Moynihan was on stage with Steve Schwarzman of Blackstone and Ana Botín of Santander when Trump spoke by video to the World Economic Forum in Davos, Switzerland, normally a cordial affair of executive backslapping. Moynihan congratulated Trump and asked how the president’s slate of recent executive orders would affect the U.S. economy.

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