JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump's Explosive 'Debanking' Crackdown: Report

The U.S. Justice Department has subpoenaed JPMorgan Chase, Bank of America, and Wells Fargo over allegations of politically motivated account closures. The investigation, led by the U.S. Attorney's Office in Washington D.C., examines claims that banks 'debanked' clients due to political reasons. This follows Trump's $5 billion lawsuit against JPMorgan and an OCC finding that nine major banks may have improperly denied services to politically sensitive industries. JPMorgan previously acknowledged closing accounts linked to Trump following the January 6 Capitol riot.