JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon has pushed back against claims that the banking giant had debanked President Donald Trump-backed Trump Media & Technology Group Corp. (NASDAQ:DJT), saying that the move was in response to court orders.
We Do Not Debank For ‘Religious Or Political Affiliations’
On Sunday, Dimon said, “people have to grow up” when asked about JPMorgan being subpoenaed as part of a special counsel investigation, which required the company to turn over the banking records of Trump Media, during his appearance on Fox Business’ “Sunday Morning Futures.”
While declining to address any individual account, Dimon insisted the bank’s actions were driven by legal obligations, while adding that they don’t “debank people for religious or political affiliations.”
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“I don’t like debanking people,” he said, while pointing to systemic compliance issues under the current regulatory framework …
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