Trump to Sue JPMorgan Over Debanking, Denies Dimon Fed Offer | Quick Digest
Donald Trump announced plans to sue JPMorgan Chase within weeks, alleging politically motivated 'debanking' after the January 6 Capitol riot. He also vehemently denied a Wall Street Journal report claiming he offered CEO Jamie Dimon the Federal Reserve chair position. Dimon also denies receiving the offer.
Trump vows to sue JPMorgan Chase for 'debanking' post-Jan 6 Capitol riot.
Denies offering Jamie Dimon Federal Reserve chairman role, calls report 'false'.
Claims debanking forced his family into cryptocurrency.
JPMorgan denies political debanking, acknowledges related reviews.
Dimon also refutes claims of being offered the Fed chair position.
Donald Trump has announced his intention to sue banking giant JPMorgan Chase within the next two weeks, accusing the firm of 'incorrectly and inappropriately debanking' him following the January 6, 2021, Capitol riot. Trump alleges that the bank's actions were politically motivated and that the refusal of services by major financial institutions, including JPMorgan and Bank of America, prompted his family's move into the cryptocurrency space. JPMorgan Chase, while not directly commenting on the latest threat, has previously stated it does not close accounts based on political or religious beliefs, but acknowledges being subject to reviews, investigations, and legal proceedings related to 'debanking' policies.
Simultaneously, Trump vehemently refuted a Wall Street Journal report that claimed he had offered Jamie Dimon, CEO of JPMorgan Chase, the position of Federal Reserve chairman. Trump labeled the report as 'completely false' and stated no such offer was ever made, for either the Fed or Treasury Secretary roles. Jamie Dimon himself has also denied receiving any such job offer. This dual controversy highlights ongoing tensions between the former president and the financial sector, with significant implications for both political discourse and financial institutional practices in the United States. The announcement of the lawsuit was made on Trump's Truth Social platform and has been widely reported by numerous news outlets.
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