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US prosecutors subpoena major banks over alleged politically motivated 'debanking'.

Market News
10 Jun 2026
Forbes
View Source
Bearish
pluang ai news

U.S. Attorney Jeanine Pirro is investigating major banks, including JPMorgan Chase and Bank of America, for allegedly closing customer accounts for political reasons, a practice known as 'debanking.' This probe follows complaints from former President Donald Trump after the 2020 election and his lawsuit against banks that closed his accounts post-Jan. 6 Capitol riots. Pirro's office issued subpoenas independently of the Treasury Department's ongoing investigation into potential violations of the Equal Credit Opportunity Act. No official public announcement of the investigation has been made yet.

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