President Donald Trump publicly blasted Bank of America CEO Brian Moynihan at the World Economic Forum in Switzerland, accusing the financial giant of “debanking” his conservative supporters. Trump took Moynihan to task at Davos — the snooty Alpine talking shop for the self-styled global elite — over allegations that BofA cancelled the accounts of Christian activist groups,
President Trump’s accusation that Bank of America dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.
Bank of America and JPMorgan Chase are denying that political affiliation has any bearing on the customers who do business at the banks after President Trump alleged at Davos that BofA had refused to do business with some conservatives.
Sen. Tim Scott (R-SC) told a group of reporters on Tuesday that de-banking would be a major focus with him at the helm of the Senate Banking Committee.
DAVOS, Switzerland, Jan 21 (Reuters) - Bank of America (BAC.N), opens new tab Chief Executive Brian Moynihan on Tuesday welcomed economic policies announced by U.S. President Donald Trump since his inauguration as a "good thing" for business. "They want to ...
Brian Moynihan was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm.
Bank of America’s CEO said the US banking industry will embrace crypto payments if clearer rules are in place from regulators.
The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.
Trump Media and Technology Group announced Wednesday that it is expanding into financial services, including investment vehicles. Shares of the Truth Social parent company, which trade under the ticker DJT,
President Donald Trump confronted Bank of America CEO Brian Moynihan Thursday over a claim gaining traction in conservative circles: that customers are being 'de-banked' for their personal beliefs.
President Donald Trump delivered an unexpected critique of Bank of America (BAC) CEO Brian Moynihan, accusing the executive of restricting
The claim that big banks have closed accounts held by certain political or business customers gained new visibility this week when President Donald Trump confronted by name the CEOs of JPMorgan and Bank of America.