debanking

JPMorgan Admits Closing Trump Accounts Post January 6th

JPMorgan Chase has now admitted, in a court filing, to closing former President Donald Trump’s and his businesses’ accounts in February 2021. This acknowledgment comes in response to Trump’s $5 billion lawsuit alleging political motivations behind the “debanking” following the Jan. 6th Capitol attack. The bank’s filing states that it informed the plaintiffs of account closures by its private and commercial banks, a detail previously unconfirmed in writing by JPMorgan, which had cited privacy laws for its reticence. This admission is a significant development in the legal battle, with Trump’s legal team calling it a “devastating concession” that validates his claims of unlawful debanking and financial harm.

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Trump Announces Lawsuit Against JPMorgan Over Alleged “Debanking”

Trump announces he will sue JPMorgan “over the next two weeks” for allegedly “debanking” him. Well, here we go again. It seems the former president, Donald Trump, is gearing up for another legal battle, this time setting his sights on the financial giant, JPMorgan Chase. The announcement, delivered with the familiar bravado, promises a lawsuit within the next two weeks, alleging that the bank has “debanked” him. Now, “two weeks” in Trump-speak often translates to a much longer timeframe, or perhaps, not at all, but the implications are interesting to consider.

The core of the issue, according to the comments, is the very definition of “debanking”.… Continue reading