DOJ CALLS OUT BIG US BANKS FOR CLOSING POLITICAL ACCOUNTS
The US Department of Justice has issued subpoenas to JPMorgan Chase, Bank of America, and Wells Fargo, investigating whether they closed customer accounts for political reasons.
What's the scoop? The federal prosecutors in Washington D.C. are looking for evidence that the banks discriminated against conservatives and industries like oil, gas, firearms, and adult entertainment.
Key context:
Trump claims that JPMorgan and BofA shut down his accounts after January 6, 2021. In August, he signed an executive order to investigate "politically motivated banking exclusion." The Trump family also sued Capital One for closing over 300 accounts. The banks deny any wrongdoing.
📊 Market impact today:
$BAC +0.62% | $WFC +0.25% | $JPM -0.46% | $COF -2.68%
Do you think banks should be able to close accounts based on their clients' political profiles? Drop your thoughts 👇
#JPMorgan #BankOfAmerica #Mercados #Noticias
The US Department of Justice has issued subpoenas to JPMorgan Chase, Bank of America, and Wells Fargo, investigating whether they closed customer accounts for political reasons.
What's the scoop? The federal prosecutors in Washington D.C. are looking for evidence that the banks discriminated against conservatives and industries like oil, gas, firearms, and adult entertainment.
Key context:
Trump claims that JPMorgan and BofA shut down his accounts after January 6, 2021. In August, he signed an executive order to investigate "politically motivated banking exclusion." The Trump family also sued Capital One for closing over 300 accounts. The banks deny any wrongdoing.
📊 Market impact today:
$BAC +0.62% | $WFC +0.25% | $JPM -0.46% | $COF -2.68%
Do you think banks should be able to close accounts based on their clients' political profiles? Drop your thoughts 👇
#JPMorgan #BankOfAmerica #Mercados #Noticias