NEW YORK (Reuters) - Bank of America 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 on Thursday singled out JPMorgan Chase and Bank of America specifically as debanking customers. The two banks on Thursday denied they made banking decisions based on politics.

"We take this issue very seriously," a BofA spokesperson said. "We will be engaging with the administration and Congress regarding the extensive government regulations that sometimes result in requirements to exit relationships."