Dimon Dismisses Nunes' Debanking Claims, Calls for Regulation Change
Update: 2025-12-08
Description
Jamie Dimon, JP Morgans CEO, refutes Devin Nunes claims of political debanking, stating the bank doesnt remove accounts based on political or religious affiliations. Dimon urges people to stop making up things and emphasizes that account closures are law-driven, not ideological. He also criticizes current rules around reporting client activity and advocates for changes, echoing the Trump administrations past efforts. The conversation about debanking intensifies, with new UK rules set to require banks to give customers ninety days notice and specific reasons before closing an account.
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