Trump says JPMorgan Chase, Bank of America rejected him as a bank customer

Trump says JPMorgan Chase, Bank of America rejected him as a bank customer


President Trump says JPMorgan Chase and Bank of America rejected him as a customer

VIDEO6:2406:24
President Trump says JPMorgan Chase and Bank of America rejected him as a customer
Squawk Box

President Donald Trump said Tuesday that the two largest U.S. banks rejected him as a customer, reviving claims that conservative customers were being unfairly denied accounts.

JPMorgan Chase informed him that he had 20 days to move “hundreds of millions” of dollars to another bank, Trump told CNBC’s ‘Squawk Box’ in a wide-ranging interview. He didn’t give a time frame for this event.

The president then says he approached Bank of America to “deposit a billion dollars-plus” and was told the bank couldn’t provide him an account, Trump said.

“He said, `We can’t do it,’ Trump said. “So I went to 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.”

“The banks discriminated against me very badly, and I was very good to the banks,” Trump said.

This story is developing. Please check back for updates.



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