President Trump’s accusation that Bank of America’ dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.
The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.
Bank of America and JPMorgan Chase are denying that political affiliation has any bearing on the customers who do business at the banks after President Trump alleged at Davos that BofA had refused to do business with some conservatives.
Bank of America’s CEO said the US banking industry will embrace crypto payments if clearer rules are in place from regulators.
President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives.
Brian Moynihan was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm.
President Donald Trump delivered an unexpected critique of Bank of America (BAC) CEO Brian Moynihan, accusing the executive of restricting
"I hope you start opening your bank to conservatives," US President Donald Trump says after taking a question from Bank of America CEO Brian Moynihan during the World Economic Forum in Davos, Switzerland,
The claim that big banks have closed accounts held by certain political or business customers gained new visibility this week when President Donald Trump confronted by name the CEOs of JPMorgan and Bank of America.
The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
Wall Street is finally warming up to crypto, thanks to President Donald Trump’s aggressive push to boost the industry, especially after Jan. 23rd’s executive