Of course they did. Given Trump’s actions, that was the only rational course.
jediporcupine on
Why would you not close the bank accounts of insurrectionists?
samueladams6 on
Did he attempt a coup or something?
CelestialEffervescer on
Seems weird Trump never complained about it considering how much he complains.
fungobat on
>JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021 attacks on the U.S. Capitol, the latest development in a legal saga between the president and the nation’s biggest bank over the issue known as “debanking.”
>The acknowledgment came in a court filing submitted this week in Trump’s lawsuit against the bank and its leader, Jamie Dimon. The president sued for $5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations.
>“In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” JPMorgan’s former chief administrative officer Dan Wilkening wrote in the court filing. The “PB” and “CB” stands for JPMorgan’s private bank and commercial bank.
Notchibald_Johnson on
Can’t even attack your own country to stay in power without losing your bank accounts anymore. Sad.
pogishushu on
A shame We the People can’t find a way to shut his mouth.
Mikethebest78 on
That tactic might actually have worked if he was a traditional politician following the old rules but who needs banks when you can just be openly bribed?
Stunning-Chipmunk243 on
Bigger question is why should we care? This is being posted like mad today, as if we are all supposed to gasp and clutch our pearls.
RepresentativeIcy193 on
Political party is not a Constitutionally protected class. This should be dismissed quickly, unless JPM feels like using this opportunity to throw some bribe money Trump’s way and settles.
jvn1983 on
Who cares? What are they needing to “concede?”
mrp1ttens on
For a brief second it looked like there would be consequences but it became clear quickly that congress wasn’t gonna do anything.
NoSwimmers45 on
What law says a private corporation can’t stop doing business with a customer? And isn’t the Republican stance anyone can refuse service for any reason at any time? Weren’t lawsuits filed over cakes?
cwx149 on
What happens to the money in an account that’s closed like that?
Allium_Alley on
As they should have.
AusTex2019 on
Why not? The bank should protect its reputation.
Potential-Celery-999 on
Did JP Morgan just win my business? But they were doing business with him to begin with. But I also don’t want Trump to get a single red cent from them…..
rysker6 on
“We concluded that insurrection will lower your credit score”
heyzeus1865 on
I mean what, were they not supposed to?
Tight-Shallot2461 on
Good
jeebee25 on
I’m the immortal words of 1985 me – AH DOYEEEE!
FlingFlangFloogy on
Because the whole world saw what he caused. Even the GOP was against him for a few hours.
NotaRussianbott89 on
It’s ok because it also turns out Trump had been committing fraud for years and that’s a good enough reason on top of trying to over throw democracy.
spacecadet84 on
Bank are entitled to refuse to do business with criminals, aren’t they?
24 Comments
Of course they did. Given Trump’s actions, that was the only rational course.
Why would you not close the bank accounts of insurrectionists?
Did he attempt a coup or something?
Seems weird Trump never complained about it considering how much he complains.
>JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021 attacks on the U.S. Capitol, the latest development in a legal saga between the president and the nation’s biggest bank over the issue known as “debanking.”
>The acknowledgment came in a court filing submitted this week in Trump’s lawsuit against the bank and its leader, Jamie Dimon. The president sued for $5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations.
>“In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” JPMorgan’s former chief administrative officer Dan Wilkening wrote in the court filing. The “PB” and “CB” stands for JPMorgan’s private bank and commercial bank.
Can’t even attack your own country to stay in power without losing your bank accounts anymore. Sad.
A shame We the People can’t find a way to shut his mouth.
That tactic might actually have worked if he was a traditional politician following the old rules but who needs banks when you can just be openly bribed?
Bigger question is why should we care? This is being posted like mad today, as if we are all supposed to gasp and clutch our pearls.
Political party is not a Constitutionally protected class. This should be dismissed quickly, unless JPM feels like using this opportunity to throw some bribe money Trump’s way and settles.
Who cares? What are they needing to “concede?”
For a brief second it looked like there would be consequences but it became clear quickly that congress wasn’t gonna do anything.
What law says a private corporation can’t stop doing business with a customer? And isn’t the Republican stance anyone can refuse service for any reason at any time? Weren’t lawsuits filed over cakes?
What happens to the money in an account that’s closed like that?
As they should have.
Why not? The bank should protect its reputation.
Did JP Morgan just win my business? But they were doing business with him to begin with. But I also don’t want Trump to get a single red cent from them…..
“We concluded that insurrection will lower your credit score”
I mean what, were they not supposed to?
Good
I’m the immortal words of 1985 me – AH DOYEEEE!
Because the whole world saw what he caused. Even the GOP was against him for a few hours.
It’s ok because it also turns out Trump had been committing fraud for years and that’s a good enough reason on top of trying to over throw democracy.
Bank are entitled to refuse to do business with criminals, aren’t they?