Bank of America's CEO rejects claims of a debanking trend, stressing the need for regulatory clarity to avoid speculation and uncertain decision-making.
In a recent interview with CBS News "Face the Nation," Bank of America's CEO, Brian Moynihan, firmly denied accusations of debanking political rivals. Moynihan stated that the bank does not discriminate against conservatives or any other group, citing the bank's large and diverse customer base as evidence against allegations of political bias.
Moynihan emphasized that banking decisions are influenced significantly by federal regulations and legal and financial risks, rather than political considerations. This stance comes amidst recent developments, including an executive order issued by President Trump in August 2025, which addresses concerns about "politicized or unlawful debanking" allegedly prompted by federal banking regulators.
The order directs federal banking agencies such as the Federal Reserve, FDIC, and OCC to remove "reputation risk" considerations from their supervisory guidance to prevent their potential misuse as a pretext for politically motivated debanking. This trend towards distancing from "reputation risk" supervision has been underway, and the executive order aims to formalize that change to curtail regulatory practices that could lead to discrimination based on political or religious beliefs.
Regarding the relationship with regulators, Moynihan argued that Bank of America's business is heavily influenced by the regulatory environment. He stated that decisions about who to do business with are always made based on what's best for the company and the client.
In other finance-related news, Goldman Sachs Executive is 'super bullish' on stocks, predicting further decline of the US Dollar. Meanwhile, Chainlink continues to top the DeFi sector in development, according to Santiment. A new Bitcoin staking protocol has seen a surge in GitHub activity, and the SEC Chair Paul Atkins states that clear digital asset regulations are incoming.
The article, sourced from The Daily Hodl, covers topics related to finance, including macro, bitcoin, ethereum, crypto, and web 3. Readers can join the conversation on Telegram, X, and Facebook.
[1] Moynihan's comments in the interview with Face the Nation. [2] Information from the executive order issued by President Trump on August 7, 2025. [3] No specific regulations or regulators that are allegedly affecting Bank of America's business were mentioned in the article. [4] The article does not mention any legal actions or investigations related to Bank of America's business practices. [5] The article does not provide any context about the relationship between Bank of America and conservatives before Trump's accusations. [6] The Daily Hodl is the source of the article. [7] The interview with Brian Moynihan was conducted on an unspecified date. [8] The article does not mention any response from the Biden administration regarding the accusations made by Trump. [9] Bank of America is one of the biggest small business lenders with 70 million consumers. [10] Bitcoin addresses with 2,160,000,000%+ gains have moved $11,833,215 in BTC.
- Brian Moynihan, CEO of Bank of America, asserts that bank decisions are driven by federal regulations, legal, and financial risks, rather than politics, in response to debanking allegations.
- In August 2025, President Trump issued an executive order addressing concerns about politicized or unlawful debanking, directing federal agencies to remove "reputation risk" considerations from their supervisory guidance.
- The article makes no mention of any specific regulations or regulators affecting Bank of America's business.
- The article does not report any legal actions or investigations related to Bank of America's business practices.
- The article provides no context about the relationship between Bank of America and conservatives prior to Trump's accusations.
- The article is sourced from The Daily Hodl.
- The interview with Brian Moynihan takes place on an unspecified date.
- There is no mention of a response from the Biden administration regarding Trump's accusations.
- Bank of America serves 70 million consumers, making it one of the biggest small business lenders.
- bitcoin addresses with 2,160,000,000%+ gains have moved $11,833,215 in BTC, according to the article.
