JPMorgan’s debanking of Trump chills all Americans
COMMENTARY
By Cheryl K. Chumley - The Washington Times - Tuesday, February 24, 2026
OPINION:
JPMorgan Chase, the nation’s largest bank, in response to a lawsuit filed by President Trump, finally acknowledged that yes, yes, indeed, its executives did actually shut down his personal and business accounts — more than 50 of them — in the weeks and months that followed his first White House term.
This has all the earmarks of a political move. And that’s what makes it chilling for all Americans.
If banks can get by with closing the accounts of those with whom they disagree politically, then America’s entire constitutional system is in jeopardy. America is a democratic-republic, run by law and order and grounded in a concept of limited governance; from that, springs a free market. Businesses have no business butting into politics as a means of controlling how the population votes and how politicians govern.
The fact that JPMorgan has yet to specify a reason for these closures is telling because it suggests politics was indeed at play. After all, if there were valid reasons for closing dozens of Trump’s personal and business accounts, including those for his hotels, his retail and his housing developments, why wouldn’t JPMorgan just state them?
Instead, this is what the bank, in an unsigned — and why unsigned? — memo to Trump dated Feb. 19, 2021, has said so far: “[Trump needs to] find a more suitable institution with which to conduct business.” As an added kick, the letter-writer also wrapped by copy-catting one of Trump’s own favored phrases — i.e., “Thank you for your prompt attention to this matter,” the memo finished.
One can almost see the smarmy smile on the unidentified coward’s face.
“JPMorgan says it closed Trump’s bank accounts a month after Jan. 6 attack,” Reuters wrote, noting the timeline of events.
The politics are obvious.
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READ MORE: https://www.washingtontimes.com/news/2026/feb/24/jpmorgans-debanking-donald-trump-chills-americans/
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