Banking Brief: Financial Services Insights

On August 7, 2025, President Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans,” asserting that financial institutions have restricted access of individuals and businesses to financial services on the basis of their “political or religious beliefs or lawful business activities, "and that some financial institutions have participated in “[g]overnment-directed surveillance programs targeting persons participating in activities and causes commonly associated with conservatism and the political right following the events that occurred at or near the United States Capitol on January 6, 2021.”