US EditionTrump says he’s suing Chase over allegedly debanking him over Jan. 6
Trump alleges JPMorgan closed his accounts due to political pressure after Jan. 6, with regulators warning the bank about compliance risks, planning to sue within two weeks.
- 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.
63 Articles
63 Articles
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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Donald Trump announces plans to sue JPMorgan after being debanked
Donald Trump has announced he is suing JPMorgan Chase, accusing the financial organisation of debanking him.The US President accused JPMorgan of "incorrectly and inappropriately" taking action against him in the aftermath of the January 6 protests which took place in 2021.Mr Trump made the announcement as he rejected media claimed JPMorgan CEO Jamie Dimon was being considered to head up the US Federal Reserve amid frictions between the US Presid…
Trump to sue JPMorgan Chase over post-Jan. 6 'debanking'
President Donald Trump vowed to sue JPMorgan Chase for “debanking” him in the aftermath of the Jan. 6 Capitol riots. Trump slammed JPMorgan and the Wall Street Journal on Saturday for publishing a story saying he offered the financial company’s CEO the job of Federal Reserve chair. “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,” …
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