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Trump: 'I'll Be Suing JPMorgan Chase' Over Post-January 6 'Debanking' [View all]
President Donald Trump says he plans to sue JPMorgan Chase (NYSE:JPM) for the abrupt closure of his accounts in the aftermath of the Jan. 6, 2021, Capitol riot.
Trump has accused the banking behemoth of “incorrectly and inappropriately DEBANKING” him subsequent to the January protest.
This allegation was made on his Truth Social platform on Saturday. The closure of Trump’s accounts was reportedly under the influence of the Biden administration, leaving him with a mere 20 days to relocate hundreds of millions of dollars.
This legal action threat emerges in the midst of JPMorgan’s disapproval of the Trump Justice Department’s criminal investigation into Federal Reserve Chair Jerome Powell. Jamie Dimon, JPMorgan’s CEO, has cautioned that undermining the Fed’s independence could potentially escalate inflation expectations and interest rates.
“I'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump wrote in the post.
Trump has accused the banking behemoth of “incorrectly and inappropriately DEBANKING” him subsequent to the January protest.
This allegation was made on his Truth Social platform on Saturday. The closure of Trump’s accounts was reportedly under the influence of the Biden administration, leaving him with a mere 20 days to relocate hundreds of millions of dollars.
This legal action threat emerges in the midst of JPMorgan’s disapproval of the Trump Justice Department’s criminal investigation into Federal Reserve Chair Jerome Powell. Jamie Dimon, JPMorgan’s CEO, has cautioned that undermining the Fed’s independence could potentially escalate inflation expectations and interest rates.
“I'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump wrote in the post.
https://www.yahoo.com/finance/news/trump-ill-suing-jpmorgan-chase-215344383.html
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