CEOs on the defensive after the President's comments at World Economic Forum Big U.S. banks found themselves on the defensive Thursday, with Bank of America saying it doesn’t have a “political litmus test” for clients after President Trump suggested that leading financial institutions weren’t letting conservatives do business with them.

U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry. The broadside against Wall Street banks comes after some institutions have been accused by both congressional Republicans and Republican-led states of "woke capitalism" as well as de-banking gunmakers,

The president revived Republican criticisms over purportedly politically motivated “debanking,” or closing of customer bank accounts.