President Donald Trump accused leading U.S. banks of debanking conservative clients over their political views, a claim that financial institutions have pushed back on.

I’ll be the first to acknowledge the counter arguments. There are areas where the Trump presidency is bound to slow things down. Companies will be less likely to invest in nascent sectors that rely on supportive government dollars or policy, meaning that technologies like hydrogen and biofuels may take a hit.

President Trump’s accusation that Bank of America’ dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.