JPMorgan Closes Trump Accounts
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JPMorgan Chase confirmed it closed several of Donald Trump's accounts in 2021.
The bank said CEO Jamie Dimon should not have been named as a defendant and asked for the president’s debanking case to move to federal court.
JPMorgan lashed out at President Donald Trump on Thursday, accusing him of “fraudulently” naming CEO Jamie Dimon as a defendant in a $5 billion lawsuit over the closure of the commander-in-chief’s accounts and arguing the move was designed to keep the case in Florida.
JPMorgan Chase ( JPM) is reportedly in discussions to provide banking services for the U.S.-led Board of Peace, an initiative spearheaded by U.S. President Donald Trump, the Financial Times said, citing sources familiar with the matter.
The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a statement on Thursday.