Wall Street Banks Compete for Trump Kids' Accounts

Major financial institutions, including JP Morgan Chase, Charles Schwab, and Robinhood, are competing to manage Trump accounts for children, a program offering $1000 in federal money per kid born during Trumps second term. Michael Dell and his wife donated $6.25 billion, seeding 25 million accounts with $250 each. The program aims to attract new customers who will likely stay with the chosen financial agent once they become adults. The Trump administration plans to launch a sign-up portal next year, with several US companies expressing interest in matching employees contributions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.