President Trump appears to have snubbed Bank of America boss Brian Moynihan as he hosts a White House dinner with top Wall Street executives on Wednesday – signaling a persistent rift between the pair over the “debanking” of the president following the Jan. 6 Capitol riot, The Post has learned.
Moynihan – CEO of the nation’s second-biggest bank – failed to score an invite to the Wednesday dinner — even as JPMorgan Chase chief Jamie Dimon has received an invite and is expected to attend, according to sources. Other CEOs slated to attend include Nasdaq’s Adena Friedman, Larry Fink of Blackrock, Ted Pick of Morgan Stanley and David Solomon of Goldman Sachs.
CEO Jane Fraser was invited but won’t be able to attend, according to a source close to the situation. Fraser is believed to be in Trump’s good graces following a report last month that she secured a deal to begin managing Trump’s money.
Dimon’s invite comes despite the fact that JPMorgan disclosed last week that it’s being probed over allegations it denied banking services to conservatives. Dimon, however, is known as a political moderate who has maintained a close relationship with Trump, who has often floated his name as a possible Treasury Secretary.
As for the BofA boss, “Trump has no great love for Moynihan,” according to a CEO who is slated to attend the Wednesday dinner.
A White House spokesman declined to comment. A Bank of America spokesman also declined to comment.
“We don’t take this as a snub,” a source close to Moynihan told The Post. “Brian gets invited to enough dinners.” The person pointed to a state dinner for Trump at Windsor Castle where Moynihan was in attendance and other top CEOs weren’t. But that dinner was hosted by King Charles III, not the White House.
On Wednesday, Moynihan told Fox News he wants to meet with New York City Mayor-Elect Zohran Mamdani to discuss the city’s future as competing states try to court concerned business owners away from the Big Apple.
Trump has lashed out publicly against the BofA boss – on at least two occasions. The first was in January during a virtual Q&A session with the BofA CEO sitting on stage in Davos, Switzerland. In a TV interview this summer, Trump claimed BofA was among the banks that denied the Trump Organization services following his first term.
Big banks like BofA and JPMorgan Chase blamed pressure from the nascent Biden administration to deny services to various right-leaning businesses and individuals including Trump. The specific reason for Trump and his family business concerned his involvement in the January 6, Capital Hill melee and the controversy surrounding it.
Moynihan is considered one of Wall Street’s most progressive CEOs on various cultural issues, including employment practices like Diversity Equity and Inclusion as well Environmental Social Governance investing.
Another issue for Moynihan has been his involvement in the culture wars that have swept academia pitting some of the most prestigious colleges against a White House determined to remove left wing bias from campuses.
He was chancellor of the corporation of Brown University when the notoriously left-leaning college voted on divesting its massive endowment from companies that do business with Israel, which leftists deemed an aparheid state committing genocide over its military response to the Oct. 7 murder of innocent Israelis buy Hamas terrorists.
The vote ultimately failed a vote in its so-called corporation, the governing body of the university.
