All posts tagged: Jamie Dimon

Dimon warns on AI job losses, calls for government-business incentives

Dimon warns on AI job losses, calls for government-business incentives

Published by Sam Flores

Jamie Dimon, CEO of JPMorgan Chase, departs the Capitol in Washington, Feb. 25, 2026. Graeme Sloan | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Tuesday warned that artificial intelligence could cost the U.S. jobs, and suggested the government could create an incentive system for businesses to help soften the blow. “[If] all of a sudden it creates unemployment, that’s a big problem for society,” Dimon said, speaking on a panel with Palantir defense chief and former U.S. Rep. Mike Gallagher, R-Wis, at the Hill and Valley Forum in Washington. “I don’t know the answer yet, but I would suggest it’s the following: It can’t be just government. It’s got to be business,” Dimon said. “But the government could create a system of incentives that business does the right thing to retrain people, early retirement, moving people … if we have the right system in place, we can accommodate much quicker.” Dimon warned the economic changes driven by AI will happen quickly, warning that they may happen faster than other recent technological advances …

JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack

JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack

Published by Sam Flores

President Donald Trump (L), and JP Morgan CEO, Jamie Dimon. Reuters JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021, attacks on the U.S. Capitol, the latest development in a legal saga over the controversial practice of “debanking.” The acknowledgment came in a court filing submitted this week in Trump’s lawsuit against the bank and its leader, Jamie Dimon. The president sued for $5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations. “In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” JPMorgan’s former chief administrative officer Dan Wilkening wrote in the court filing. The “PB” and “CB” stands for JPMorgan’s private bank and commercial bank. Until now, JPMorgan has never admitted it closed the president’s accounts, and would only speak hypothetically about when the bank closes accounts and its reasons for closing accounts. Emails and text …

JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack

Trump sues Jamie Dimon, JPMorgan Chase over alleged ‘political’ debanking

Published by Sam Flores

President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing accounts belonging to Trump and related entities in early 2021, in what the lawsuit calls political actions. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and Trump exiting the White House later that same month after his electoral loss to former President Joe Biden was confirmed. “He debanked me,” Trump told reporters in Switzerland, when asked about Dimon on Wednesday, hours after his lawsuit was filed in Florida state court in Miami-Dade County. “He shouldn’t be debanking,” Trump said. “It’s so wrong.” “Jamie Dimon is not allowed to do what he did.” JPMorgan on Thursday denied that it closed Trump’s accounts for political reasons and suggested that the closures were due to federal rules and regulations that the bank has been seeking to change during this and prior presidential administrations. Trump and the other plaintiffs in the case, which are business entities related to the president, are seeking at …

Trumpt threatens to sue JPMorgan Chase for ‘debanking’ him

Trumpt threatens to sue JPMorgan Chase for ‘debanking’ him

Published by Sam Flores

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol. “I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump said in a social media post. “The Election was RIGGED!” JPMorgan and the White House didn’t immediately respond to CNBC’s request for comment. In August, Trump signed an executive order requiring banks to ensure they are not refusing financial services to clients based on religious or political beliefs, a practice known as “debanking.” Trump claimed in a CNBC interview in August, without providing evidence, that he was personally discriminated against by banks. He said JPMorgan Chase and Bank of America refused to take his deposits following his first term in …

Trump attacks Powell amid Fed fears: ‘Incompetent’ or ‘crooked’

Trump attacks Powell amid Fed fears: ‘Incompetent’ or ‘crooked’

Published by Sam Flores

President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation of the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has long enjoyed independence from the executive branch. “He’s billions of dollars over budget,” Trump said, apparently referencing costs related to a multibillion-dollar renovation of the Fed’s Washington headquarters, which is at the center of DOJ’s probe. “So, he either is incompetent or he’s crooked,” Trump said. “I don’t know what he is. But he does a – certainly he doesn’t do a very good job.” Trump’s comments to reporters outside the White House came as bipartisan criticism of the investigation, and support for the Fed’s independence, continues to grow. U.S. President Donald Trump looks at Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., …