President Donald Trump on Saturday said he would be suing JPMorgan Chase & Co. "for incorrectly and inappropriately DEBANKING me after the January 6th Protest."
Trump has accused JPMorgan and Bank of America of "debanking" him, or denying banking services, due to his political stances and the events of Jan. 6, 2021.
JPMorgan CEO Jamie Dimon has denied debanking Trump for political reasons, saying banks act under legal and regulatory obligations and manage risk rather than politics.
"While we won't get specific about a client, we agree that no one's account should be closed because of political or religious beliefs," Trish Wexler, spokesperson for JPMC wrote in a statement to Newsmax. "We appreciate that this Administration has moved to address political debanking and we support those efforts."
The president made the statement on Truth Social following a Wall Street Journal report that claimed Trump offered Dimon the job as chairman of the Federal Reserve.
Trump called the report "fake news."
"This statement is totally untrue, there was never such an offer," Trump said.
"Why wouldn't The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, "NO," and that would have been the end of the story," the president said.
"I should have been more vigilant in correcting that word" -- meaning "offer" -- "while attempting to dispute the WSJ's anonymous sources," Wexler told Newsmax.
Dimon on Thursday said he would consider being Treasury Secretary if asked.
"I would take the call, consider it, and think about why and what they want. But what they want and how they want to operate would be important to me," Dimon said at a Chamber of Commerce meeting.
"But I've been my own boss for pretty much 25 years, and I like it that way," Dimon said.
Trump in his Truth Social post said he wouldn't offer the job to Dimon.
"Scott Bessent is doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie? No such offer was made there, or even thought of, either. The Wall Street Journal ought to do better "fact checking," or its already strained credibility will continue to DIVE," he added.
In a statement to Newsmax, Dimon said, "There was no job offer. I have enormous respect for Secretary Bessent and think he's doing an excellent job for our country - better than I could have."
Trump last year signed an executive order to ensure federal regulators do not promote policies that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs, or lawful business activities, securing fair access to banking for all Americans.
Solange Reyner ✉
Solange Reyner is a writer and editor for Newsmax. She has more than 15 years in the journalism industry reporting and covering news, sports and politics.
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