Jamie Dimon, chairman and CEO of JP Morgan Chase, discusses his investments in “critical industries,” the Chinese threat and banking regulations on “Mornings with Maria.”
JPMorgan Chase CEO Jamie Dimon is hitting back at critics who say the bank willingly cooperated with the special counsel’s investigation into President Donald Trump’s allies — insisting those claims are baseless and taking aim at those pressuring them.
“People need to grow up here, okay? And stop making things up and stuff like that. I can’t talk about an individual account. We don’t debank people’s religious or political preferences,” Dimon claimed.
“We have defunded people who are Democrats, their banking privileges. We have defunded people who are Republicans, their banking privileges. We have debanked several religious people, but it has never happened for that reason.”
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Dimon was responding to Trump Media & Technology Group CEO Devin Nunes, who claimed in an interview with Bartiromo in November that Chase had been subpoenaed by former special counsel Jack Smith as part of his election-related investigations into Trump.
Jamie Dimon, CEO of JPMorgan Chase & Co., during a ribbon-cutting ceremony at JPMorgan Chase & Co.’s global headquarters. in New York, on Tuesday, October 21, 2025. (Getty Images)
Smith repeatedly stood by his work as special counsel, including him two criminal cases were filed against Trump – one related to the 2020 election and another related to the alleged retention of classified documents. After Trump’s 2024 election victory, Smith dropped both cases, citing a Justice Department policy that generally discourages prosecution of a sitting president.
“I’ve seen Jamie Dimon and others at JPMorgan say over and over again that they don’t debank people for political reasons. Well, why the hell did you bank Trump Media?” Nunes said this earlier on ‘Sunday Morning Futures’.
“We live under very strict rules, regulations and requirements and to protect the country we have to report things to the government. We are required to report this to the government. I can’t even tell you when we do it,” Dimon fired back.
“I actually applaud the Trump administration for trying to say that de-banking is bad, and that we need to change the rules. Hell, I’ve been asking for the rules to be changed for fifteen years now. So change the rules,” he said.
“We don’t give information to the government just because they ask for it. We are subpoenaed. We are required by the court to give it to the government. And I have followed subpoenas in this administration, the last administration, the administration before that, and the one before that… So let’s take a deep breath and solve the problems, instead of blaming anyone who has been put in that position.”
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Rep. Claudia Tenney, R-N.Y., joins after House Judiciary Committee Chairman Jim Jordan subpoenaed former special counsel Jack Smith for “The Evening Edit.”
The solution proposed by Dimon includes banks themselves reporting to the government if data or data appears suspicious: “we report it to you, and you decide.”
“Why do we have to decide?” he asked. “Democratic and Republican administrations are after us both. So let’s not pretend that this is just one party doing this. This has been going on for a long time, and we need to stop militarizing the government in this way.”
