JPMorgan Chase CEO Jamie Dimon Responds to Debanking Allegations

JPMorgan Chase CEO Jamie Dimon addressed allegations from Trump Media CEO Devin Nunes regarding claims that the bank debanked Trump Media. Dimon appeared on Sunday Morning Futures with Maria Bartiromo, stating, 'People have to grow up here, OK, and stop making up things.' Nunes accused JPMorgan of debanking Trump Media during a government investigation into Trump's actions related to the 2020 presidential election.

Dimon refuted these claims, emphasizing, 'I can't talk about an individual account. We do not debank people for religious or political affiliations.' He clarified that while the bank does end services to various individuals, it is not done for those reasons.

Dimon stated, 'We debank people who are Democrats. We debank people who are Republicans. We have debanked different religious folks. Never was that for that reason.' He added that JPMorgan Chase only provides customer information to the government when compelled by a subpoena, saying, 'We don't give information to the government just because they ask.' Dimon has a history of following subpoenas from various administrations and expressed his disagreement with many of them.

He praised the Trump administration for addressing the issue of debanking, highlighting the political scrutiny surrounding banking practices and the potential effects on public trust in financial institutions.