Particle.news
Download on the App Store

Dimon Says Subpoenas Drove Trump Media Record Disclosures, Denies Political Debanking

Dimon attributes the records handover to court orders, urging regulators to reduce debanking.

Overview

  • Speaking on Fox Business, Jamie Dimon said JPMorgan provided Trump Media records only under subpoenas and court orders and not at the government’s informal request.
  • Dimon said the bank does not close accounts because of political or religious views and added that he does not like debanking customers.
  • He criticized current compliance rules as forcing banks into unwanted account closures and said he has pressed for reforms for years.
  • Reports of account closures from figures such as Strike CEO Jack Mallers and allegations from Trump Media’s Devin Nunes persist, with Nunes also claiming hundreds of Trump-linked entities had records subpoenaed.
  • Benzinga reported Trump Media did not respond to a request for comment, and earlier remarks from Donald Trump Jr. linked debanking experiences to the family’s push into crypto, including Trump Media’s Bitcoin holdings and plans to raise funds for additional purchases.