NEW YORK — President Donald Trump on Thursday signed an executive order mandating a probe into whether banks have discriminated against conservatives and certain industries like gun manufacturers and cryptocurrency companies, invoking the vast powers to go after entities that the Republican president alleges have discriminated against him and his allies.

The executive order deals with an issue known as “debanking,” which is when banks close accounts of individuals or declines to go into business with certain industries. Trump has accused JPMorgan and Bank of America of debanking him and his companies in the past, something both banks have denied.

Trump ordered federal bank regulators to make sure banks do not discriminate against individuals or companies for their political or religious

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