Overview
- Speaking on Fox Business, Jamie Dimon said JPMorgan does not close accounts over political or religious affiliations and told critics to stop “making up things.”
- Dimon acknowledged the bank has ended relationships with Democrats, Republicans, and people of various faiths, asserting beliefs were not the reason for those decisions.
- He said the bank provides customer records only under court-ordered subpoenas, referencing special counsel requests that sought Trump Media’s banking information.
- Crypto and conservative figures continue to allege unexplained shutdowns, including Strike’s Jack Mallers, ShapeShift’s Houston Morgan, and Trump Media’s Devin Nunes, with reports of subpoenas covering more than 400 Trump-linked entities.
- President Trump in August ordered regulators to investigate debanking claims, and Dimon said he has sought reforms for 15 years to reduce closures tied to reporting requirements.