JPMorgan Chase CEO Jamie Dimon: 'We do debank,' but not 'for religious or political affiliations'

"I don't like debanking people," JPMorgan Chase CEO Jamie Dimon said

Published: December 8, 2025 2:12pm

JPMorgan Chase CEO Jamie Dimon this weekend attempted to make clear his bank's policy for so-called "debanking" customers says: "We do debank," but not "for religious or political affiliations."

Debanking is essentially when a financial institution closes or restricts an individual or organization's account, often due to perceived risk.

"People have to grow up here, okay, and stop making up things and stuff like that. And I can't talk about an individual account," Dimon told Fox News' "Sunday Morning Futures" with Maria Bartiromo on Sunday.

Dimon made the comment after Bartiromo showed clips of Trump Media and Technology Group CEO Devin Nunes last month, tearing into JPMorgan for not informing President Trump that then-special counsel Jack Smith was seeking its bank records as part of the Arctic Frost investigation.

"We do not debank people because of religious or political affiliations," Dimon said. "We do debank them. They have religious and political affiliations. We debank people who are Democrats, we debank people who are Republicans, we debank different religious folks. Never was that for that reason.

"I don't like debanking people," he continued. "We live under very strict rules and regulations and requirements. And to protect the country, we have to report things to the government -- we're required to report things to the government. I can't even tell you when we do it because I'm not allowed to tell you that, either."

"I actually applaud the Trump administration, which is trying to say the debanking's bad, and we should change the rules. Well, damn it, I've been asking to change the rules now for 15 years. So change the rules!" Dimon exclaimed.

"And that's why a lot of this stuff takes place. It is really customer unfriendly. And, you know, we're debanking people 'cause of suspected things or negative media or all of these various things."

"We don't give information to the government just because they ask," he explained. "We're subpoenaed. We're required by court to give it to the government. And I've been following subpoenas with this administration, the last administration, the administration before that, and the one before that. And I don't agree with a lot of it. You know, the government does a lot of things that get angry with banks. So let's just take a deep breath and fix the problems as opposed to blame someone who's put in that position."

"I would tell the government, 'If we see something that might possibly be bad, we'll report it to you, and you decide.' Why do we have to decide? That's the position we're put in."

Later, Dimon added, "Democratic and Republican governments have come after us both. So let's not act like this is just one side doing this. This has been going for a long time. And we should stop militarizing the government in that kind of way."

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