President Donald Trump said Tuesday that the two biggest US banks had previously rejected him as a client, claiming that conservative clients have been unfairly rejected.
Trump told CNBC’s “Scoobox” in a wide range of interviews that JPMorgan Chase had informed him that he had 20 days to move “least millions of dollars of cash” to another bank. He didn’t say when this happened.
The president then said he approached the US Bank to “deposit more than $1 billion,” and was told the bank could not provide an account to him, Trump said.
“[Bank of America CEO Brian Moynihan] “We can’t do that,” he said. “So I went to another person, another person, another person. I ended up going to a small bank here and there. I mean, I was putting $10 million here and $10 million there.”
Trump has mentioned his business, and perhaps his real estate and hospitality conglomerates, but it was not clear whether the episode was related to personal and business accounts, or both.
Trump said he believes large banks have rejected him and his supporters as regulators during the Biden administration put pressure on businesses.
“The bank discriminated against me very seriously and I was very good with the bank,” Trump said.
This story is developing. Please check for updates.
