Constellation Research founder R Ray Wang previews President Donald Trumps special address to the World Economic Forum on Varney & Co.
President Donald Trump called out Bank of America CEO Brian Moynihan at the World Economic Forum (WEF) on Thursday, accusing the bank of not offering banking to conservatives.
“You’ve done a fantastic job,” Trump told Moynihan during a question and answer session, “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.”
Bank of America Chairman and CEO Brian Moynihan is optimistic about the economic environment under a second Trump administration. (FOX Business/Getty Images / FOXBusiness)
“And I don’t know if the regulators mandated that because of [President Joe] Biden or what,” Trump 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.”
This is a developing story. Check back for updates.
