By Andrea Shalal, Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) -The White House was preparing to act against banks for allegedly dropping customers for political reasons, as President Donald Trump said he believes that banks,

President Trump said two major banks turned down his business. Here's why conservatives are concerned with so-called debanking.

President Trump said banks have turned him away and revived allegations of discrimination against his supporters by large banks while previewing a new executive order to punish those companies. The president was asked in an interview with CNBC on Tuesday about The Wall Street Journal’s reporting on a new executive order,