U.S. President Donald Trump on Tuesday said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused to accept his deposits.

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  • EndOfLine@lemmy.world
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    24 days ago

    Almost. There is “debanking” for when taking somebodies money might actually cost them money.

    De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people’s or organizations’ bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank. source