Bank of America insists they don’t discriminate against conservatives, then turns off replies

Bank of America pushed back on criticism from President Donald Trump and insisted they “welcome conservatives.”

But a post on social media insisting there has been no discrimination against conservatives allowed for no replies following Trump calling out Bank of America CEO Brian Moynihan.

During a question and answer session at the World Economic Forum on Thursday, the president brought up complaints about the bank to Moynihan.

“You’ve done a fantastic job,” he said in the virtual call. “But I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank — and that included a place called Bank of America… They don’t take conservative business.”

“And I don’t know if the regulators mandated that because of [President Joe] Biden or what,” he continued, “But you and [JPMorgan CEO Jamie Dimon] and everybody – I hope you’re going to open your banks to conservatives because what you’re doing is wrong.”

Moynihan did not even respond to Trump’s remarks. Instead, he commented about Bank of America sponsoring the FIFA World Cup when it comes to the U.S. in 2026.

“We serve more than 70 million clients and we welcome conservatives,” a spokesperson for Bank of America told Fox Business. “We are required to follow extensive government rules and regulations that sometimes result in decisions to exit client relationships. We never close accounts for political reasons and don’t have a political litmus test.”

A spokesperson for JPMorgan said in a statement that they would “never close an account for political reasons, full stop. We follow the law and guidance from our regulators and have long said there are problems with the current framework that Washington must address.”

“We welcome the opportunity to work with the new Administration and Congress on ways to remove regulatory ambiguity while maintaining our country’s ability to address financial crime,” the spokesperson added.

Last year, Bank of America’s alleged “discriminatory behavior” was called out in a letter from 15 state attorneys general who said the lender was “responsible for some of the worst-known instances of debanking.”

The financial organization denied the allegations at the time.

Social media users reacted to Trump’s surprising remarks.

Frieda Powers

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