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New York (Reuters)-Bank of America and JPMorgan are willing to speak for White and Congress to defend the President Donald Trump and the others to have a cooperation of political reasons.
Banks said that they need clear direction from the government about the best way to make police with financial robbery and to provide services across different industries. Thursday, Trump chose Jpmorgan Chase (NYSE 🙂 and Bank of America, said they do not give bank services to people who save money.
Trump correction is in harmony with the long-term degrees from the Republicans, who accused the Wall Street with “Awakeliste,” as well as rejection of firearms, fuel companies with some who are considered connected with political right. Two banks on Thursday refused to make bank decisions based on politics.
“We take too seriously seriously,” said Muelli to Friday. “We will be in touch with the administration and Congress about the broad territories of the government that sometimes results in the needs of from relationships.”
The spokesman said the bank serves over 70 million customers and accepts conservatives.
“We never close the accounts for political reasons and we don’t have a political litmus test,” said a spokesman.
The Source Knowing this situation stated that JPmorgan will also hope to have clear rules about checking customers.
Bank visitors will also be part of an effort, according to the source that knows this situation.
They will force the government to clarify the financial standards, establishing a valid government levels in accordance with the accuracy of the bank service as well as to who can be wanted by The bank, said the source and two different sources that know the matter.
What is the Bank going to be asking for
Trump’s system is expected to put in first reducing authority, and banks hope that this can lead to other changes and policy will be able to reduce money, said the bank source and two industrial sources.
None of the sources wanted to be known as these negotiations were private.
US in 2020 has exceeded the regulation that has improved the rules against the use of money (aml). However, update has not happened as intended. They are waiting for clarification about new policies and will pursue new, clear rules in AML, the source of the Bank and Industry sources.
Firms and individuals often see their bank accounts closed if there is anxiety about the ability to cheat police money, both sources said.
Various Government Rules in relation to some of these issues has made the bank more challenging, which leads to push the precise levels of financial services, three sources said.
Banks also said that the rules are about who can be served unclear, which makes them reluctant to reluctance to industry or firms, the three sources said.
Although the authorities do not give instructions to avoid certain customers, they can marked a dangerous process, causing banks return because of the fear of correction and remedies.
“There must be more pure lines on what we have to do and we should not do it,” Jpmorgan CEO of Jamie Dimon said this week, before Trump comment. “It has been years complaining about this. We need to fix it. “
The borrows are also banned to inform customers why they are removed from the bank, opening the opportunity for political prejudice.
“We have not yet own anyone for political or religious relations, time. Now, when we remove a person from the bank, they often blame anyone, but is not a reason,” Dimon said to podcast.
