The Trump administration is expected to take additional efforts to crack down on perceived bias against conservatives in the financial system.

Shares of JPMorgan Chase and Bank of America declined Tuesday after Trump accused both banks of political discrimination. Speaking on CNBC's "Squawk Box," Trump said JPMorgan gave him 20 days to withdraw “hundreds of millions of dollars in cash.

President Donald Trump accused two of the nation’s largest banks of rejecting his business, as his administration was preparing an executive order threatening financial institutions who refused to work with certain customers on ideological grounds.