Trump Media set to launch its own financial investment brand
Trump Media set to launch its own financial investment brand
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Truth.Fi to offer services to conservatives who may feel frozen out by big banks. President Donald Trump’s media company, the Trump Media & Technology Group, revealed on Wednesday its plans to begin to sell financial products. The goal is to offer services to conservatives who may feel frozen out by big banks. Last week, Trump slammed the CEOs of Bank of America and JPMorgan Chase, arguing that they haven’t allowed conservatives to work with the bank.
![[The stock of Trump media rose 7 percent following the announcement, according to The Journal.]](https://static.independent.co.uk/2025/01/20/14/SEI234775310.jpg)
Bank of America Chief Executive Brian Moynihan appeared on stage at the World Economic Forum in Davos, Switzerland as Trump spoke via video link. “I hope you start opening your bank to conservatives,” said Trump. “Because many conservatives complain that the banks are not allowing them to do business within the bank and that included a place called Bank of America.”.
While JPMorgan Chase CEO Jamie Dimon wasn’t on stage, he attended the forum. “What you’re doing is wrong,” Trump added. The banks argued that they don’t discriminate against conservatives, but that didn’t stop right-wingers from posting letters of account closures on social media, which they believe was the bank’s way of targeting them for their political beliefs. That kind of criticism has been building after banks took on diversity policies following the 2020 police murder of George Floyd.
Devin Nunes, Trump Media CEO, told The Journal: “Developing American First investment vehicles is another step…[so] American patriots can protect themselves from the ever-present threat of cancellation, censorship, debanking, and privacy violations committed by Big Tech and woke corporations.”.
