Trump Declares War On Banks, Banks Respond ‘LOL Respectfully’

In a move worthy of its own reality show reboot, President Trump signed an executive order targeting banks like JPMorgan and Bank of America for "discriminating" against conservatives and Trump supporters. He claimed on CNBC, 'They totally discriminate against, I think, me maybe even more.' Meanwhile, banks insisted they don't close accounts for politics, and ongoing lawsuits like Trump Organization v. Capital One add drama. The executive order demands federal regulators "make reasonable efforts" to stop "unlawful" debanking, promising fines—because who doesn't love government intervention in everyone's bank accounts?

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Source: Businessinsider | Published: 8/7/2025 | Author: Katherine Li,Bradley Saacks