The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.
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.
President Donald Trump chewed out Bank of America CEO Brian Moynihan Thursday over the company’s alleged “debanking” of conservatives for
President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs.
Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.
The Senate Banking Committee will hold a hearing on debanking next month, Chair Tim Scott, (R-S.C.), said Friday. The announcement of the February 15 hearing came a day after President Donald Trump accused Bank of Amerca ( NYSE: BAC) and J.P. Morgan Chase ( JPM) of not doing business with conservatives.
President Donald Trump delivered an unexpected critique of Bank of America (BAC) CEO Brian Moynihan, accusing the executive of restricting
Bank of America CEO says the firm is ready to embrace cryptocurrencies. All it needs is a push from US regulators, he told CNBC today.
JPMorgan Chase chairman and CEO Jamie Dimon joins 'Squawk Box' to discuss the second Trump administration, why he's 'cautiously pessimistic' about the U.S. economy, impact of Trump's tariff proposals and EOs,
Brian Moynihan said he’s staying put as chief executive officer of Bank of America Corp. unless the board decides otherwise. “The board will make a choice at some point,” Moynihan said Tuesday in an interview with Bloomberg TV at the World Economic Forum in Davos, Switzerland. “I’m not going anywhere unless they throw me out.”
President Donald Trump accused leading U.S. banks of debanking conservative clients over their political views, a claim that financial institutions have pushed back on.