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03.03.26 - 19:36
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"I′d Be Angry, Too": Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices (ZeroHedge)
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"I'd Be Angry, Too": Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices
JPMorgan Chase CEO Jamie Dimon said Monday that Donald Trump's $5 billion lawsuit over the closure of his accounts “has no merit,” but added, “They have the right to be angry. I'd be angry, too.”
Trump claims JPMorgan and other banks shut his accounts for political reasons, according to CNBC. Dimon said banks are often “forced” to debank clients due to legal and regulatory pressures tied to reputational risk. “We debank people because it causes legal, regulatory risk for us,” he said, noting it's easier for banks to avoid that risk.
Trump sued JPMorgan and Dimon in January, part of a broader legal campaign that also includes claims against Capital One, media outlets, and the IRS. JPMorgan has acknowledged closing dozens of Trump-related accounts after the Jan. 6, 2021, Capitol attack.
“But I agree with them,” Dimon said during an interview in Miami. “Like...
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03.03.26 - 15:00
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JPMorgan CEO Jaime Dimon: Inflation ‘Skunk at the Party’ Could Be Back (24/7 Wall St.)
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Jamie Dimon has never been shy about playing the designated worrier on Wall Street. From “hurricane” warnings to stagflation concerns, JPMorgan Chase (NYSE:JPM) CEO has built a reputation for flagging risks markets are too comfortable ignoring. His latest warning follows that same playbook. Asked about Middle East tensions and their implications for inflation, Dimon put ... JPMorgan CEO Jaime Dimon: Inflation 'Skunk at the Party' Could Be Back
The post JPMorgan CEO Jaime Dimon: Inflation 'Skunk at the Party' Could Be Back appeared first on 24/7 Wall St.....
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