JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin over January 6th

[Text Drivers are Killers]

Imagine if walmart said, " Due to theft we now refuse service to all blacks." Such a policy actually makes a lot sense but it would be shot down instantly. OTOH banks are allowed to refuse service to conservatives even though that makes no sense at all.

aug 2025 JPMorgan and Bank of America “debanked” President Trump for his role in the January 6 Capitol Hill melee following pressure from the Biden administration’s banking regulators and the Federal Reserve, people with direct knowledge of the matter tell The Post.

People at the banks tell The Post that Biden’s banking cops at the Office of the Comptroller of the Currency, the FDIC and the Federal Reserve often used the nebulous nature of the edict to go beyond debanking money launderers and drug kingpins.

Trump himself revealed that he was debanked Tuesday in an interview with the financial network CNBC. He said he was denied services at both institutions sometime after his first term ended in January 2021, just weeks after the storming of the Capitol building that political opponents of Trump have described as a riot and insurrection.
First he said he was booted by JPMorgan.

“I had 100s of millions. I had many, many accounts loaded up with cash. I was loaded up with cash, and they told me, ‘I’m sorry, sir, we can’t have you. You have 20 days to get out.’ I said, ‘you’ve got to be kidding. I’ve been with you for 35, 40 years.’ ”

JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin over January 6th: Sources

JPMorgan and Bank of America “debanked” President Trump for his role in the January 6 riot following pressure from the Biden administration and the Federal Reserve, sources tell The Post.

nypost.com