NEW YORK, Jan 24 (Reuters) - Bank of America ( BAC )

will be engaging with President Donald Trump's administration

and Congress on regulations that the bank said can lead to it

exiting banking relationships with a customer, a spokesperson

said on Friday.

Trump singled out JPMorgan Chase ( JPM ) and Bank of America ( BAC )

specifically on Thursday as not providing banking services to

conservatives, echoing Republican complaints about the industry.

The two banks on Thursday denied they made banking decisions

based on politics.

Wall Street banks have been accused by Republicans of "woke

capitalism" as well as de-banking gunmakers, fossil fuel

companies and others perceived to be aligned with the political

right.

"We take this issue very seriously," a BofA spokesperson

said on Friday. "We will be engaging with the administration and

Congress regarding the extensive government regulations that

sometimes result in requirements to exit relationships."

The spokesperson said the bank serves more than 70 million

clients and welcomes conservatives.

"We never close accounts for political reasons and don't

have a political litmus test," the spokesperson said.