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Published On: Wed, Aug 6th, 2025

Trump: JPMorgan Chase & Banks Told Me They Can’t Have Me As A Customer, They Discriminate Against Conservatives


ANDREW ROSS SORKIN, ‘SQUAWK BOX’ CO-HOST: Mr. President, on a different topic, The Wall Street Journal is reporting that you’re prepping an order that they say would punish banks that discriminate against conservatives, including potentially Bank of America. I’m going to be actually talking to Brian Moynihan here later today. Can you tell us about that executive order? What’s in that? And what do you think the banks have done? PRESIDENT DONALD TRUMP: Well, they did discriminate. I had JPMorgan Chase – I had hundreds of millions of dollars in cash. I can see if they want to, you know, if they want to do something bad, because you don’t have any money, and you’re defaulted. And they took people out, but I’ll give you me as an example. I had hundreds of millions. I had many, many accounts loaded up with cash. I was loaded up with cash, and they told me, I’m sorry, sir, we can’t have you. You have 20 days to get out. I said, You got to be kidding. I’ve been with you for 35, 40 years. They said – and I mean, I had all this, I didn’t know what to do with it. And I went to – and you could ask him, maybe he’s not going to admit it. So I said, you know, I was informed by my people that we have to get out of Chase Manhattan. That’s Jamie and – JPMorgan Chase. So I said, I can’t believe it. Well, I was never in this situation before. I’ve never had anything like it. And it’s not like, gee, you defaulted on a loan. You know, geez, I could understand that. That’s different. But there’s no default. I mean, there’s nothing but cash. It’s a really – I have a really great company. Then what happens is I call a Bank of America routinely, because when I was President – this was after I got out by the way – I call a Bank of America routinely, and I speak to him, and I speak to a couple of people, and they have zero interest. Brian [Moynihan] was kissing my ass when I was President, and when I called him after I was President to deposit a billion dollars plus and a lot of other things, more importantly, to open accounts, which banks always like. They like accounts because they get interest free, you know, the overnights and things. A lot of reasons for it, but they like accounts. I had hundreds of accounts. And he said, we can’t do it. No, we can’t do it. So I went to another one, another one, another one, another one. I ended up going to small banks all over the place. I mean, I was putting 10 million here, 10 million there. Did 5 million, 10 million, 12 million. I have them all over the place, the craziest thing. And it’s lucky I even had them. They were doing me a favor, and that’s because the banks discriminated against me very badly. And I was very good to the banks. I had the greatest economy in the history of our country when I was President. And by the way, our economy now will blow that away, and you see it happening. But our economy now, because we’re a rich country again – because of our trade deals, we’ve become a rich country again. But no, they did – they totally discriminate against – I think me maybe even more, but they discriminated against many conservatives. You know, I told that story and sitting around tables with other people that were conservative or Trump supporters – I think the word might be Trump supporters more than conservative. And I believe what they did is they went to the regulators. You know, banks are not afraid of anything but a regulator. Their regulators and their wives. They’re more afraid of their wives than the regulators. But the person – the group they’re really afraid of is bank regulators. And I believe that Biden or Kamala – and I don’t think they’re smart enough to do it, but the people that are surrounding the beautiful resolute desk, you know, the high IQ people that are radical left. I believe they told the Banking Commission, the bankers – that the banking regulators – do everything you can to destroy Trump. And that’s what they did. And guess what, I’m President. How did that happen?

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