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 business.

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

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…