US EditionTrump says he’s suing Chase over allegedly debanking him over Jan. 6
- On Saturday, President Donald Trump said he will sue JPMorgan Chase within two weeks, alleging the bank 'debanked' him after January 6, 2021 and gave him 20 days to move millions.
- Regulators reportedly warned JPMorgan Chase that keeping President Donald Trump could create compliance or appearance risks, while the bank denies closing accounts for political reasons and Trump Jr. said last year the family faced big-bank service difficulties.
- The Wall Street Journal cited unnamed White House sources saying the offer was discussed, but President Donald Trump denied the report Wednesday and Jamie Dimon, JPMorgan CEO, called it a joke.
- The Wall Street Journal and JPMorgan Chase did not immediately respond to requests for comment, while Jamie Dimon, JPMorgan CEO, addressed political 'debanking' claims in January 2024.
- Amid rising pressure on the Federal Reserve, this dispute feeds into debates over central-bank independence as the Justice Department opened a criminal probe and subpoenaed the Fed on Jan. 9, while President Donald Trump’s executive order on 'debanking' frames the policy debate.
71 Articles
71 Articles
Trump threatens to sue JPMorgan Chase over Jan. 6 debanking
President Trump said Saturday he would sue JPMorgan Chase over the company’s decision to close his account following the Jan. 6, 2021, Capitol riot. “A front page Article in The Fake News Wall Street Journal states, without any verification, that I offered Jamie Dimon, of JPMorgan Chase, the job of Fed Chairman,” the president wrote…
Trump Says He’s Suing JPMorgan Chase Over Alleged Debanking
President Donald Trump on Saturday said he intended to file a lawsuit against JPMorgan Chase for what he alleged were efforts to remove his access to banking following the Jan. 6, 2021, Capitol breach. In a post on Truth Social, the president wrote he is suing JPMorgan “over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting” be…
JPMorgan confirms Trump’s assertion that bank CEO Dimon was not offered Fed chair job
“There was no job offer," Mr. Dimon said in a statement. In an email to Reuters, bank spokesperson Trish Wexler said she should have been "more vigilant" in correcting The Wall Street Journal story before it was published
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