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Started By
Message
re: JP Morgan De-Banking
Posted on 8/6/25 at 8:58 am to LSURussian
Posted on 8/6/25 at 8:58 am to LSURussian
"Where did you see that?"
---
Kudlow program yesterday.
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Kudlow program yesterday.
0
Posted on 8/6/25 at 9:40 am to Penrod
quote:
When I explained why I was doing it to my local investment guy he tried to talk me out of it, and you won’t believe what he said.
He told me he had checked on the company I was moving it to and they were owned by five white middle-aged men. Then he said, “And you know as well as I do that better decisions are made by diverse groups.”
W....... T....... F.......
Posted on 8/6/25 at 12:31 pm to BTROleMisser
quote:
W....... T....... F.......
That was my reaction.
Posted on 8/6/25 at 1:25 pm to dovehunter
I was debanked by Chase. Spring 2024.
With them for 30 years. Mortgages, car loans multiple credit cards. Wife and I credit scores over 800.
Froze checking account, no warning. Cancelled all cards. Income all direct deposited into Chase checking. Numerous automatic payments coming out every month. Scrambled for a week.
Said I was rude to employees. Went to my local branch, which I visit about twice a year, and they knew me personally and denied having anything to do with it. Helped me get my funds transferred to another account. Said I wasn't the only one.
Had made some gun and ammo purchases in prior six months on Chase cards. No idea.
Had also contributed to Trump going back to 2016.
With them for 30 years. Mortgages, car loans multiple credit cards. Wife and I credit scores over 800.
Froze checking account, no warning. Cancelled all cards. Income all direct deposited into Chase checking. Numerous automatic payments coming out every month. Scrambled for a week.
Said I was rude to employees. Went to my local branch, which I visit about twice a year, and they knew me personally and denied having anything to do with it. Helped me get my funds transferred to another account. Said I wasn't the only one.
Had made some gun and ammo purchases in prior six months on Chase cards. No idea.
Had also contributed to Trump going back to 2016.
This post was edited on 8/6/25 at 1:38 pm
Posted on 8/6/25 at 1:40 pm to dovehunter
From Perplexity:
JPMorgan Chase and Bank of America have been accused by former President Donald Trump of "debanking" him and conservatives, refusing to provide banking services on political grounds. Trump alleges that after his first term, JPMorgan forced him to withdraw over $1 billion within 20 days and declined further deposits, and similarly Bank of America refused his large deposits. He claims these actions were influenced by political bias against him and conservatives, possibly encouraged by the Biden administration's regulatory pressure. Both banks deny closing accounts or rejecting customers for political reasons, stating their decisions are not politically motivated. However, sources indicate regulators associated with the Biden administration and the Federal Reserve exerted pressure on these banks to cease doing business with Trump due to reputational risk concerns tied to the January 6 Capitol riot and his political affiliations. Trump is reportedly preparing an executive order to prevent such politically motivated debanking, while some Senate Republicans are pushing for legislation to address the issue. The White House appears to be considering regulatory actions to penalize banks that discriminate against clients for political reasons.
JPMorgan Chase and Bank of America have been accused by former President Donald Trump of "debanking" him and conservatives, refusing to provide banking services on political grounds. Trump alleges that after his first term, JPMorgan forced him to withdraw over $1 billion within 20 days and declined further deposits, and similarly Bank of America refused his large deposits. He claims these actions were influenced by political bias against him and conservatives, possibly encouraged by the Biden administration's regulatory pressure. Both banks deny closing accounts or rejecting customers for political reasons, stating their decisions are not politically motivated. However, sources indicate regulators associated with the Biden administration and the Federal Reserve exerted pressure on these banks to cease doing business with Trump due to reputational risk concerns tied to the January 6 Capitol riot and his political affiliations. Trump is reportedly preparing an executive order to prevent such politically motivated debanking, while some Senate Republicans are pushing for legislation to address the issue. The White House appears to be considering regulatory actions to penalize banks that discriminate against clients for political reasons.
This post was edited on 8/6/25 at 1:42 pm
Posted on 8/6/25 at 1:48 pm to ItzMe1972
When PayPal began restricting customers whose social credit information didn’t agree with their personal viewpoints, I closed my PayPal accounts and scrambled to setup alternative payment methods. Also sold a considerable equity investment well before I was ready to
So, in a way I felt debanked too.
So, in a way I felt debanked too.
This post was edited on 8/7/25 at 9:30 am
Posted on 8/6/25 at 10:14 pm to cadillacattack
I was not de-banked. Even now if I go into Truist, they will interrogate the hell out of me before consenting to give me My money. This happens when it is an amount over a few thousand.
Regions refused on a Wednesday to give me a large chunk from my checking account. told me to put in an order and I could probably get it next Tuesday. I explained that a checking account is on demand and I was demanding it. He told me they simply did not have the money. I told him that I had the VP's card at home and would call her so he could start counting my money out. By the time I got home he had called her. He then called me, lied and said they just had a large deposit and I could have my money.
I Got back up there in about 10 minutes and he was "Gone for the day." They had my money ready but wanted to interrogate me about why I wanted it. I told them I was buying Gold. This set off alarms, so they began taking steps to protect me from some gold fraud scam. I told them I was buying them from a reputable coin shop in town, handed to me when I paid. They decided I could hve my money.
Regions refused on a Wednesday to give me a large chunk from my checking account. told me to put in an order and I could probably get it next Tuesday. I explained that a checking account is on demand and I was demanding it. He told me they simply did not have the money. I told him that I had the VP's card at home and would call her so he could start counting my money out. By the time I got home he had called her. He then called me, lied and said they just had a large deposit and I could have my money.
I Got back up there in about 10 minutes and he was "Gone for the day." They had my money ready but wanted to interrogate me about why I wanted it. I told them I was buying Gold. This set off alarms, so they began taking steps to protect me from some gold fraud scam. I told them I was buying them from a reputable coin shop in town, handed to me when I paid. They decided I could hve my money.
Posted on 8/6/25 at 10:19 pm to scrooster
quote:
I know some J6 SC and MI militia guys who were debanked.
Some of your Fed friends got debanked?
Posted on 8/7/25 at 12:29 am to Nosevens
Whitney is park of Hancock and they are worst bank on the fricking planet at least 3 mfering times I have caught their employee stealing customers money, not once did they get an apology. Once case I referred out as I thought it was way to ridiculous to be true, a bank VP conspiring with another guy to steal a guys house etc because he was supposed to die, he didn’t die and it was 100% true and paid for that one
Posted on 8/7/25 at 5:22 am to ItzMe1972
Just to clear the air on BofA - BofA has a really bad historical relationship with Trump because his corporate bankruptcies have cost the bank $100’s of millions of dollars in the past. They also pulled out of lending money to the gun industry after the Remington bankruptcy.
This post was edited on 8/7/25 at 5:36 am
Posted on 8/7/25 at 5:32 am to IMSA_Fan
quote:I don't recall BofA particularly associated with Trump losses. CitiBank was.
BofA has a really bad historical relationship with Trump because his corporate bankruptcies have cost the bank $100’s of millions of dollars in the past
Posted on 8/7/25 at 5:38 am to NC_Tigah
I was working there when Trump came into power in 2016 - and was working in a role where that info got spread around. You also have to consider BofA is a conglomerate of a ton of different banks and financial institutions acquired from 1980-2008
This post was edited on 8/7/25 at 5:40 am
Posted on 8/7/25 at 6:15 am to dovehunter
quote:
JP Morgan De-Banking
What is de banking?
Posted on 8/7/25 at 6:17 am to dovehunter
This again is a real story that should be top fold for every news paper and discussed at length on the nightly news yet they don't. They talk about Epstein though...every day now, they constantly bring up that dumb arse topic...because it is bad for Trump. They ignore Obamagate, de-banking and so once again I want to thank the E-baws for their contribution in undermining Trump.
Posted on 8/7/25 at 6:31 am to hansenthered1
Trump could make all of the Epstein stuff go away if he just does what his admin said they were going to do.
Posted on 8/7/25 at 6:34 am to IMSA_Fan
quote:Sort of a humor rumor circuit?
and was working in a role where that info got spread around
I know when NationsBank and BA merged, there were concerns by McColl & Co about the quality of BankAmerica loans, But IDR anything related to Trump in those. Not that it would have obligatorily have come up in my conversations w/ BofA execs. But if the feeling was deeply enough held as to debank Trump, or hold him as BofA anathema, I'd have almost certainly heard it. You're in Charlotte?
Posted on 8/7/25 at 6:50 am to hansenthered1
De-banking= not a thing/myth/conspiracy theory.
Been in banking/investments for 30+ years. Worked for very small, credit union, regional banks and now JPM. Not once have i heard or witnessed a customer or client being forced to exit their relationship bc of political leanings . Now it does happen due to fraud, risky transactions, activities, or a customer making threatening comments to employees. Any bank has the right to refuse business. Most is due to govt, banking regulations, or the customer's activities or behavior.
Yes, customers with large cash transactions is potential suspicious activity or fraud and you might be asked about it by bank employees....and it's not for the IRS or the bank refusing to give the funds! If you're not doing any illegal activity and not getting defrauded then you have nothing to worry about. They are doing their job. They are the experts...not you. Also bank branches do not hold millions or even 100s of thousands in their vaults. They only keep just enough to handle normal weekly personal and business customer transactions. Banks lose interest holding too much cash in the branch vaults. If you walk in asking for 100k in cash you probably won't get it all at once.
Been in banking/investments for 30+ years. Worked for very small, credit union, regional banks and now JPM. Not once have i heard or witnessed a customer or client being forced to exit their relationship bc of political leanings . Now it does happen due to fraud, risky transactions, activities, or a customer making threatening comments to employees. Any bank has the right to refuse business. Most is due to govt, banking regulations, or the customer's activities or behavior.
Yes, customers with large cash transactions is potential suspicious activity or fraud and you might be asked about it by bank employees....and it's not for the IRS or the bank refusing to give the funds! If you're not doing any illegal activity and not getting defrauded then you have nothing to worry about. They are doing their job. They are the experts...not you. Also bank branches do not hold millions or even 100s of thousands in their vaults. They only keep just enough to handle normal weekly personal and business customer transactions. Banks lose interest holding too much cash in the branch vaults. If you walk in asking for 100k in cash you probably won't get it all at once.
Posted on 8/7/25 at 6:51 am to TutHillTiger
This was right before they were bought out by Hancock and that was my first reaction was cleaning up the house before the acquisition but I had other businesses that had accounts there so I figured I was the nature of that one business. Either way I had plenty of choices to move to and was their loss, my aggravation though
Posted on 8/7/25 at 9:29 am to Hangit
Congrats on the coins …. still early in the Bull …. wise decision, IMHO
Posted on 8/7/25 at 8:21 pm to cadillacattack
1 oz., straight from South Africa. Gold hit an all-time high a half hour ago. 
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