Overview
- Trump said on Truth Social he plans to sue JPMorgan within two weeks, alleging the bank cut off or restricted his banking after January 6, 2021.
- JPMorgan responded that it does not close accounts because of political beliefs and expressed support for efforts to address so-called political debanking.
- Jamie Dimon affirmed there was no offer to make him Federal Reserve chair, countering a Wall Street Journal report.
- A JPMorgan spokesperson said she should have been more vigilant in correcting the Journal’s report before publication.
- No lawsuit has been filed so far, and the clash unfolds as debate over Federal Reserve leadership and independence intensifies alongside a DOJ inquiry related to the Fed.