White House Plans Action Against Banks Amid Trump Discrimination Claims

The White House is preparing an executive order to investigate and potentially penalize banks for allegedly dropping customers for political reasons, following President Trump’s claims that major banks like JPMorgan and Bank of America discriminated against him and his supporters by refusing his deposits, which he suggests was politically motivated. The order aims to review banks for 'politicized or unlawful debanking' practices and could lead to penalties, amid ongoing tensions between Trump and the banking sector.