Trump snubs BofA CEO Brian Moynihan in White House – Business News
President Trump seems to have snubbed Bank of America boss Brian Moynihan as he hosts a White House dinner with prime Wall Street executives on Wednesday – signaling a persistent rift between the pair over the “debanking” of the president following the Jan. 6 Capitol riot, The Post has realized.
Moynihan – CEO of the nation’s second-biggest bank – failed to attain an invite to the Wednesday dinner — whilst JPMorgan Chase chief Jamie Dimon has obtained an invite and is predicted to attend, in line with sources. Other CEOs slated to attend embody Nasdaq’s Adena Friedman, Larry Fink of Blackrock, Ted Pick of Morgan Stanley and David Solomon of Goldman Sachs.
CEO Jane Fraser was invited however received’t be capable to attend, in line with a source close to the scenario. Fraser is believed to be in Trump’s good graces following a report final month that she secured a deal to start managing Trump’s money.
Bank of America CEO was snubbed by President Trump, who deliberate to host a White House dinner with prime Wall Street executives. REUTERS
Dimon’s invite comes even if JPMorgan disclosed final week that it’s being probed over allegations it denied banking providers to conservatives. Dimon, nonetheless, is named a political average who has maintained a close relationship with Trump, who has usually floated his title as a attainable Treasury Secretary.
As for the BofA boss, “Trump has no great love for Moynihan,” in line with a CEO who’s slated to attend the Wednesday dinner.
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A White House spokesman declined to remark. A Bank of America spokesman additionally declined to remark.
“We don’t take this as a snub,” a source close to Moynihan advised The Post. “Brian gets invited to enough dinners.” The particular person pointed to a state dinner for Trump at Windsor Castle the place Moynihan was in attendance and different prime CEOs weren’t. But that dinner was hosted by King Charles III, not the White House.
Trump has lashed out publicly in opposition to the BofA boss – on at the least two events. Pool/ABACA/Shutterstock
On Wednesday, Moynihan advised Fox News he needs to fulfill with New York City Mayor-Elect Zohran Mamdani to debate the town’s future as competing states attempt to court docket involved business homeowners away from the Big Apple.
Trump has lashed out publicly in opposition to the BofA boss – on at the least two events. The first was in January during a digital Q&A session with the BofA CEO sitting on stage in Davos, Switzerland. In a TV interview this summer season, Trump claimed BofA was among the many banks that denied the Trump Organization providers following his first time period.
Big banks like BofA and JPMorgan Chase blamed stress from the nascent Biden administration to disclaim providers to numerous right-leaning companies and people together with Trump. JPM CEO Jamie Dimon, above. REUTERS
Big banks like BofA and JPMorgan Chase blamed stress from the nascent Biden administration to disclaim providers to numerous right-leaning companies and people together with Trump. The particular cause for Trump and his household business involved his involvement in the January 6, Capital Hill melee and the controversy surrounding it.
Moynihan is taken into account one of Wall Street’s most progressive CEOs on varied cultural points, together with employment practices like Diversity Equity and Inclusion as nicely Environmental Social Governance investing.
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Another difficulty for Moynihan has been his involvement in the tradition wars which have swept academia pitting some of essentially the most prestigious schools in opposition to a White House decided to take away left wing bias from campuses.
He was chancellor of the company of Brown University when the notoriously left-leaning school voted on divesting its large endowment from firms that do business with Israel, which leftists deemed an aparheid state committing genocide over its army response to the Oct. 7 homicide of harmless Israelis buy Hamas terrorists.
The vote in the end failed a vote in its so-called company, the governing physique of the college.
