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U.S. Banks Accused of Discriminating Against Coal and Tobacco

12/11/2025

Summary

Story summary

The Office of the Comptroller of the Currency says nine U.S. banks, including JPMorgan Chase and Bank of America, improperly refused services to coal and tobacco.
Comptroller Jonathan Gould said the investigation could support U.S. President Donald Trump’s allegations of politicized debanking.
Banks deny the claims, saying decisions reflect legal compliance and regulatory pressures.
The White House accuses banks of discriminating against conservatives and cryptocurrency firms, and has threatened fines.

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Story summary

The Office of the Comptroller of the Currency says nine U.S. banks, including JPMorgan Chase and Bank of America, improperly refused services to coal and tobacco.
Comptroller Jonathan Gould said the investigation could support U.S. President Donald Trump’s allegations of politicized debanking.
Banks deny the claims, saying decisions reflect legal compliance and regulatory pressures.
The White House accuses banks of discriminating against conservatives and cryptocurrency firms, and has threatened fines.