Trump accuses banks of bias against conservatives

Thu, Jan 23, 2025, 4:01 PM

During President Donald Trump's speech at the 2025 World Economic Forum in Davos, Switzerland, he alleged that big banks are discriminating against conservatives, calling the practice "wrong" and urging financial institutions to "open" their banks to a broader range of political perspectives. It's a claim both Bank of America (BAC) and JPMorgan Chase (JPM) reject.

Yahoo Finance reporter David Hollerith explains the context around these claims.

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This post was written by Angel Smith