Trump says JPMorgan Chase, Bank of America rejected him as a customer

## Trump Claims Banks Discriminated Against Him

This article reports on former President Donald Trump’s claims that major American banks rejected him as a customer, alleging unfair treatment of conservative clients. Here’s a breakdown:

  • Rejection by Major Banks: Trump stated that JPMorgan Chase informed him he had to move “hundreds of millions of dollars” and that Bank of America refused to open an account for him.
  • Unspecified Timing: Trump didn’t specify when these events occurred, but they appear to be in reference to his business accounts.
  • Smaller Banks: Trump said he was forced to use smaller banks, depositing smaller amounts of money in various locations.
  • Allegations of Discrimination: Trump believes the banks discriminated against him and his supporters, possibly due to pressure from regulators during the Biden administration.
  • Capital One Lawsuit: Trump’s company previously sued Capital One, alleging the bank improperly closed accounts after the January 6th Capitol attack.
  • Bank Responses: JPMorgan denied targeting conservatives or Trump supporters, while Bank of America declined to comment.
  • Market Impact: Shares of the two banks dipped less than 1% in morning trading.

For more details, you can read the original article [here](insert_link_here).

Source: https://www.cnbc.com/2025/08/05/trump-jpmorgan-chase-bank-of-america-rejected-bank-customer.html

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