Trump accuses two major banks of political discrimination, White House plans to issue executive order for strict investigation.

US President Trump recently accused JPMorgan Chase and Bank of America of systemic political discrimination against him and his conservative supporters, claiming that the two banks refused to accept his hundreds of millions of dollars in deposits, forcing him to split the funds among several smaller banks. In an interview on August 5, he emphasized that such discrimination is not only aimed at him but also affects many conservatives, and hinted that regulators during the Biden administration had encouraged banks to "target" him, although he provided no evidence.

According to reports, the White House is preparing to issue an executive order requiring regulatory agencies to conduct a comprehensive review of banks' "politicized or unlawful account closures" since 2023, with a focus on whether customers are treated differently due to political stance. The draft clearly states that if banks violate the Equal Credit Opportunity Act, the Antitrust Act, etc., they will face penalties, consent orders, and other sanctions. Notably, the Federal Reserve has adjusted its regulatory standards in June, no longer considering "reputational risk" as a basis for review, paving the way for the executive order.

In response to the allegations, JPMorgan stated that "it will not close accounts for political reasons," praising the White House's measures but not addressing specific controversies; Bank of America welcomed the policy clarification, also avoiding details on deposit rejections. Industry differences are emerging: analysts at Wells Fargo believe the policy will standardize banks' behavior of refusing clients under the guise of compliance; the Bank Policy Institute emphasizes "regulatory overreach" and calls for reform of cumbersome regulations.

It is worth noting that JPMorgan still services multiple campaign accounts for Trump, which contradicts the account closure allegations. The executive order is expected to be announced on August 6, as the U.S. banking industry faces severe tests of compliance and service boundaries. #加密IPO热潮#