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President Donald Trump chewed out Bank of America CEO Brian Moynihan Thursday over the company’s alleged “debanking” of conservatives for their political beliefs during a speech at […] ...
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Greg Baer, head of the Bank Policy Institute, echoed the president's assertion that unchecked supervisors are urging banks to drop risky clients .
Some of the other senior executives at the bank also saw their compensation rising by between 4% and 21% in 2024.
President Donald Trump accused banks of discriminating against conservatives. JPMorgan Chase and Bank of America denied the debanking claims.
The increase comes in a year in which the bank beat its own record for the highest annual profit in the history of American banking.