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JPMorgan, Bank of America refused Trump's business for role in January 6 riot, report says

  • JPMorgan and Bank of America stopped providing services to President Donald Trump following his role in the January 6 Capitol riot, describing the actions as discriminatory against conservatives.
  • Regulators from the Biden administration reportedly pressured banks to avoid business with Trump, labeling him as a reputational risk.
  • In a CNBC interview, Trump stated that JPMorgan gave him 20 days to move hundreds of millions of dollars in cash.
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President Donald Trump stated that JPMorgan and Bank of America, the country’s two largest banks, discriminated against him “very severely” in recent years after refusing him up to $1 billion in deposits and allegedly ordering him to move his money to other entities.

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El Tiempo Latino broke the news in on Tuesday, August 5, 2025.
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