Trump to Sue JPMorgan, Accuses Bank of 'Debanking' After Jan. 6
President Donald Trump announced plans to sue JPMorgan Chase, alleging post‑Jan.6 'debanking'; bank denies political motives while disputes over the Fed and broader investigations intensify.
Overview
President Donald Trump announced on social media he will sue JPMorgan Chase within weeks, accusing the bank of 'debanking' him after the Jan. 6, 2021, events.
Trump disputed a Wall Street Journal article claiming he offered CEO Jamie Dimon the Federal Reserve chair role, calling the report false and tying it to his planned lawsuit.
JPMorgan and CEO Jamie Dimon deny any job offer and reject accusations of politically motivated account closures; spokesperson Trish Wexler emphasized banks should not close accounts for beliefs.
Trump cites past claims that banks refused deposits or set deadlines after his presidency; his administration issued an executive order targeting alleged 'political debanking' of conservatives.
The dispute comes amid tensions over Fed independence—Dimon warned against undermining it—and a DOJ probe into Fed Chair Jerome Powell, which Trump has tied to rate policy.
Analysis
Center-leaning sources frame this story by foregrounding Trump's combative rhetoric (headline verbs like 'blasts' and 'threatens') and highlighting his debanking allegations while juxtaposing bank and Dimon denials. Editorial choices—lead focus, selective emphasis on legal threats, and placement of Dimon's rebuttals—shape a narrative of conflict; quoted lines remain source content.
Sources (11)
FAQ
Trump accused JPMorgan Chase of 'debanking' him by giving him a 20-day deadline to move hundreds of millions of dollars and severing his accounts following the January 6 Capitol riot.
JPMorgan denies politically motivated account closures, with spokesperson Trish Wexler stating banks should not close accounts for beliefs, and CEO Jamie Dimon emphasizing they do not debank based on religious or political affiliations.
Trump denied offering Dimon the Fed chair role, calling a Wall Street Journal report false; Dimon described any mention as a joke and confirmed no offer was made.
Trump accused Bank of America of discrimination and refusing large deposits; the Trump Organization sued Capital One in 2025 for cutting off access after the Capitol attack.
Trump announced he will sue JPMorgan Chase within the next two weeks.
History
4 sources