Reported 2 days ago
Jamie Dimon, CEO of JPMorgan Chase, acknowledges the issue of 'debanking' but attributes it to regulatory pressures rather than political bias, contesting claims regarding banks closing accounts of certain political affiliations. Following President Trump's comments at the World Economic Forum aimed at encouraging banks to serve conservatives, Dimon emphasized the need for clearer regulations to help banks navigate high-risk assessments. Meanwhile, the topic has gained traction in political discussions, prompting investigations into the allegations of politically motivated debanking.
Source: YAHOO