Jamie Dimon, the CEO of JPMORGAN CHASE (JPM), agrees that “Debanking” will occur. He opposes some critics about the reason.
When President Donald Trump confront Brian Moinihan, a CEO of the United States Bank (BAC) in the Davos world economic forum in Switzerland, a major bank has closed an account owned by a specific political or corporate customer. The claim has gained a new visibility this week.
“I hope the conservatives will start a bank,” Trump told Moinihan in a virtual question and answer session. The president also seemed to contain Dimon in his conflict.
“I don’t know if the regulatory authorities ordered it for Biden or what it was for, but you, Jamie and everyone else are wrong, so you are a conservative bank. I hope to open. “
Moinihan did not respond to Trump’s criticism at that moment, but Dimon provided Debanking’s defense in an interview with a chase podcast earlier last week.
He said that the reason was not politics. It is related to the regulations imposed on banks by regulators of Washington DC
“We have never done it for political or religious relationships,” he said.
Instead, Dimon claims that US rules, such as bank secret laws, are dedicated to dealing with customers who are considered a high risk, and needs clearer regulations in that respect. 。
“We are liable by law to fight sexual trafficking, money laundering, and tax avoidance,” said Dimon, saying, “we have put a lot of pressure on us,” said Dimon. Please tell me what is high risk. “
“If something does not evacuate and something does not work, it may be a hundreds of millions of dollars, so many banks have guessed that” we should remove these people. ” “
“I’m not allowed to tell you why we defeated you,” he added.
The problem of taking off during the 2024 presidential election has been repeated, and probably won the Trump election in early November when Silicon Valley’s billionaire and venture capitalist Mark and Leisen appeared in Joe Logan’s podcast. It was the most prominent broadcast in the few weeks.
In the interview, Andrisen would hinder the closing of enemies, including the closing of enemies, such as the closing of the Biden administration’s accounts held by encryption, artificial intelligence, and other conservatives and emerging companies in other sectors. He claimed that he had instructed the regulatory authorities.
He called it “Operation Chalk Point 2.0”. (Operation CHOKE POINT was a program that attracted conservative critics between the Obama administration, designed to eradicate bank accounts related to consumer fraud.)
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