S&P 500 clinches first record close of 2025, Dow pops after Trump takes spotlight at Davos

Yahoo Finance’s David Hollerith reports:

President Donald Trump confronted Bank of America (BAC) CEO Brian Moynihan Thursday over a claim gaining traction in conservative circles: that customers are being ‘de-banked’ for their personal beliefs.

“I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America,” Trump told Moynihan during a virtual question-and-answer session at the World Economic Forum in Davos, Switzerland.

The president also appeared to include JPMorgan Chase (JPM) CEO Jamie Dimon in his confrontation. JPMorgan and Bank of America are the nation’s two largest banks.

“I don’t know if the regulators mandated that because of Biden or what, but you and Jamie and everybody else, I hope you open your banks to conservatives because what you’re doing is wrong,” Trump added.

Read more here.