FIRST ON THE DAILY SIGNAL—President Donald Trump called out Bank of America CEO Brian Moynihan over reports of “debanking” conservatives—and now a conservative watchdog group is calling on its fellow bank shareholders to boot Moynihan from the board.
The National Legal and Policy Center made a filing this week with the Securities and Exchange Commission, making the case against re-electing Moynihan to the board—where he is also chairman—asserting a “betrayal of customers’ trust, bias in banking services, and poor prioritization with regard to shareholder interests.”
“The company under Mr. Moynihan’s leadership has also engaged in the highly controversial practice of ‘debanking,’ a term used to describe financial institutions that selectively close customer accounts or deny services based on political or ideological beliefs,” the NLPC motion…
