US LENDERS WEIGHED REPUTATION RULES, NOT POLITICS, IN CLOSING ACCOUNTS, SOURCES SAY
https://media.zenfs.com/en/reuters-finance.com/a07d6f282101d56b00c2347b1ab7d416
✍️ US banks have closed accounts due to reputational risk, contradicting President Trump's claims of political discrimination. The decision was based on regulations under the Biden administration, which forced lenders to weigh reputational risks.
👉 Banks have closed accounts due to reputational risk, not political discrimination 👉 Regulations under the Biden administration forced lenders to weigh reputational risks 👉 Banks have denied considering political affiliations in their decisions 👉 The decision was based on subjective judgments by government supervisors
-- #NupurAnand #SaeedAzhar #DonaldTrump #JoeBiden #PaulChesser #SamBrownback #NewYork #Davos,Switzerland #politics
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