The White House is said to be preparing an order calling for regulators to review US financial institutions.

Penalties will be imposed on financial institutions ‘debanking’ customers based on political grounds

President Donald Trump said Tuesday that the two largest U.S. banks rejected him as a bank customer, reviving claims of debanking against conservatives.

JPMorgan and Bank of America rejected Trump Organization deposits, the president said, fueling his displeasure with Wall Street.

The White House is said to be preparing an order calling for regulators to review US financial institutions.

In a new executive order, the US president has called on federal regulators to investigate and punish banks for alleged discrimination against conservatives and certain types of…