President Trump is planning an executive order that would punish banks if they are believed to be discriminating against political conservatives. Why it matters: The president has previously targeted law firms and media companies,

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,

The administration of President Donald Trump is preparing an executive order to pressure major banks over perceived discrimination against conservatives and crypto companies, according to The Wall Street Journal.