Big banks said they agree with President Donald Trump that financial regulations need an overhaul, even as their stock prices dropped Tuesday after the president confirmed plans to issue an executive order to punish those that he said discriminate against conservatives.

President Donald Trump accused two of the nation’s largest banks of rejecting his business, following a report his administration was preparing an executive order threatening financial institutions who refused to do business on ideological grounds.

The president’s sons have interest in millions of shares in New America SPAC, which will target companies “revitalizing domestic manufacturing.”

New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.

Donald Trump Jr. and Eric Trump were named members of an advisory board to a new special-purpose acquisition company seeking to merge with businesses advancing “U.S. industrial capacity”—lining up with President Donald Trump’s stated goal of bringing manufacturing jobs back to the United States—but the family has a mixed record using SPACs in the past.

An ETF that tracks stocks in India is struggling to rebound from its recent losing streak, after President Trump imposed 25% tariffs on the country — and then threatened even steeper levies.

U.S. President Donald Trump again threatened on Monday to raise tariffs on goods from India over its Russian oil purchases, while New Delhi called his attack "unjustified" and vowed to protect its economic interests,