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Bank of America CEO Brian Moynihan denies allegations of debanking conservatives, instead pointing to regulatory pressures. The debate follows claims by former President Trump that banks discriminate against conservative clients.
- BofA CEO denies political bias, attributing banking restrictions to regulatory pressures.
- Trump accused banks, including BofA, of refusing conservative clients, hinting at political motives.
- Moynihan stresses risk-based decision-making, not politics, in client approvals.
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