The JPMorgan sex scandal just got a little wilder as the Wall Street Journal reported that plaintiff Chirayu Rana turned down a $1 million settlement offer in March.
According to the outlet, inside sources say Rana’s attorneys countered by asking for $11.75 million. After negotiations failed, the lawsuit was filed against his former employer. 
A JPMorgan spokesman confirmed to WSJ, “We did try to reach an agreement to avoid the time and expense of litigation and to support an employee who was being threatened with the very reputational harm now unfolding. We continue to believe these allegations have no merit and new information raised as a result of the public filing only reinforces that conclusion.”
The company&#8217;s attempt to keep the matter out of the news does not necessarily indicate the harassment occurred, the outlet noted, but rather can be a common tactic used to make these claims go away without the national spectacle. As was previously reported, the company was unable to corroborate Rana’s claims of racial discrimination and sexual harassment. 
The bombshell sexual harassment lawsuit sent shockwaves through the financial world before being deemed a “complete fabrication” by insiders.
Rana, 35, first filed a lawsuit in late April under the pseudonym “John Doe.” The filing leveled a series of lurid and sensational accusations against Lorna Hajdini, 37, an executive director on JPMorgan’s leveraged finance team. 
In the <a href="https://www.dailywire.com/news/viral-jpmorgan-sex-slave-suit-unmasked-as-complete-fabrication">initial complaint</a>, Rana alleged that Hajdini had turned him into her personal “sex slave,” claiming she drugged him with “roofies” and Viagra to facilitate non-consensual encounters. The suit included salacious quotes, alleging Hajdini told him, “If you don’t f*ck me soon, I’m going to ruin you… Never forget, I f*cking own you.”
The original filing said that Hajdini referred to Rana as her “little brown boy toy” and allegedly told him, “I bet your little Asian, fish head, wife doesn’t have these cannons.”
The suit further claimed that she threatened to “slash his bonus” if he didn’t follow her commands. 
Rana’s claims came under intense scrutiny after it was revealed that he did not report to Hajdini, so she would not have had approval over whether his bonuses were awarded or taken away. 
A bank spokesman said at the time, “Following an investigation, we don’t believe there’s any merit to these claims. While numerous employees cooperated with the investigation, the complainant refused to participate and has declined to provide facts that would be central to support his allegations.”
The lawsuit was taken off the docket, but then was refiled on Monday, per the WSJ.
“The original lawsuit was not withdrawn,” Daniel Kaiser, Rana’s lawyer, told the outlet. “After filing, the court clerk informed us that the suit required review and sign-off from the judge before being formally filed under a pseudonym. Upon signature by the judge yesterday, the suit was formally filed under a pseudonym.”
Hajdini’s lawyers said she “continues to categorically deny the allegations. She never dated this individual, never had a sexual or romantic encounter with him of any kind and never gave him any drugs. She maintains that his false claims are entirely fabricated and tarnishing her reputation.”

JP Morgan

The Move The JPMorgan Sexual Harassment Accuser Made Before Filing

Business

Lawsuit

News

A bombshell sexual harassment lawsuit that sent shockwaves through the financial world this week has been branded a &#8220;complete fabrication&#8221; by insiders, as the anonymous accuser was <a href="https://nypost.com/2026/04/30/business/bombshell-jpmorgan-sex-harassment-suit-that-went-viral-branded-complete-fabrication-as-john-doe-accuser-unmasked/">unmasked</a> as former JPMorgan staffer Chirayu Rana.
The 35-year-old Rana, now a principal at investment firm Bregal Sagemount, initially filed the suit on Monday under the pseudonym &#8220;John Doe.&#8221; The filing leveled a series of lurid and sensational accusations against Lorna Hajdini, 37, an executive director on JPMorgan’s leveraged finance team.
The initial complaint, which went viral after being <a href="https://www.dailymail.com/news/article-15776897/JPMorgan-executive-banker-sex-abuse-lawsuit-new-york.html">reported</a> by the Daily Mail, painted a dark picture of corporate debauchery. Rana alleged that Hajdini had turned him into her personal “sex slave,” claiming she drugged him with “roofies” and Viagra to facilitate non-consensual encounters. The suit was peppered with salacious quotes, alleging Hajdini told him, “If you don’t f*ck me soon, I’m going to ruin you… never forget, I f*cking own you.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Bombshell sex harassment suit against Lorna Hajdini, JPMorgan branded &#39;complete fabrication&#39; as John Doe unmasked <a href="https://t.co/Njh9k8GcNe">https://t.co/Njh9k8GcNe</a> <a href="https://t.co/26HxbeeOV8">pic.twitter.com/26HxbeeOV8</a>
&mdash; New York Post (@nypost) <a href="https://twitter.com/nypost/status/2049965116091752895?ref_src=twsrc%5Etfw">April 30, 2026</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
However, the narrative began to crumble within 48 hours. JPMorgan issued a scathing rebuttal, revealing that a &#8220;thorough internal probe&#8221; involving phone records and emails found no evidence to support the claims. A bank spokesman said, “Following an investigation, we don’t believe there’s any merit to these claims. While numerous employees cooperated with the investigation, the complainant refused to participate and has declined to provide facts that would be central to support his allegations.”
Furthermore, sources revealed a glaring hole in the lawsuit’s logic: Rana did not actually report to Hajdini. While the suit claimed she threatened to “slash his bonus” if he did not comply with her demands, Hajdini had no authority over his compensation or performance reviews.
“He has tarnished her with a complete fabrication,” an associate of Hajdini told the New York Post. While Rana was described by some colleagues as “socially awkward,” Hajdini is regarded as a “top performer” who spends her free time volunteering for educational non-profits.
The original court papers, which included claims that Hajdini referred to Rana as her “little brown boy toy” and allegedly told him, “I bet your little Asian, fish head, wife doesn’t have these cannons,” have since been withdrawn for “corrections.”
Insiders suggest the lawsuit may have been a high-stakes attempt at a shakedown. Sources say that before going public, Rana filed an internal complaint in May 2025 and attempted to negotiate a payout totaling “millions” to leave the company. When the bank refused to settle, the &#8220;John Doe&#8221; lawsuit followed.
Under U.S. law, court filings enjoy &#8220;absolute privilege,&#8221; meaning media outlets can report on the most scandalous allegations—such as Rana’s claim that Hajdini told him to “stop f*cking crying” during an assault—without fear of defamation suits, even if the claims are later proven to be entirely false.
Hajdini remains in her position at JPMorgan, while Rana’s career continues at Bregal Sagemount.

JPMorgan Chase Ahead Of Earnings Figures

Viral JPMorgan ‘Sex Slave’ Suit Unmasked As ‘Complete Fabrication’

Media

U.S.

Tax an individual enough and they will vote with their feet, warned JPMorgan Chase CEO Jamie Dimon in his annual shareholder letter on Monday. 
Dimon’s already making the move for JPMorgan Chase by employing more people in his Dallas office than in the company’s New York City headquarters. The banker added that the trend will only continue. Over the past decade, JPMorgan has reduced its New York City headcount from 30,000 to 24,000, while expanding its Texas ranks from 26,000 to 32,000. Dimon acknowledged that New York remains a strong hub for financial talent, but said high costs are one of the firm’s biggest challenges.
“No city or company or country has a divine right to success,” wrote the CEO in his annual shareholder letter. “People like to make this a moral or loyalty issue, but it is not.”
Dimon framed the issue not as politics, but as basic economics. “Companies need to remain competitive in this very competitive, fast-moving world. Higher taxes mean lower returns on capital and less competitiveness by their nature.”
He also drew a comparison to New York in the 1970s, when “nearly half of the 125 Fortune 500 companies based in New York City left.” While mergers played a role during that era’s surge in dealmaking, Dimon argued that “the price of doing business in New York City accounted for most” of the departures. The exodus of major employers contributed to the city’s fiscal crisis and near-bankruptcy in 1975, eroding its tax base.
The 2026 exodus isn’t limited to JPMorgan. Wells Fargo <a href="https://www.wfaa.com/article/news/local/dallas-county/wells-fargo-massive-irving-campus-texas-banking-boom-accelerates/287-7febeb0c-d4ec-45e4-903f-f93e38e32e3e">opened</a> a new 850,000 square-foot campus in 2025 in Texas and Goldman Sachs is <a href="https://www.goldmansachs.com/pressroom/press-releases/2025/gs-unveils-fresh-look-inside-northend-campus">developing</a> a $500 million dollar campus in Dallas’ Victory Park. The influx of financial firms has earned the city the nickname “Y’all Street.”
Dimon warned that the trend is likely to accelerate, potentially worsening an already fragile moment for New York City. While he did not mention him by name, his comments come as newly elected Mayor Zohran Mamdani advocates for higher taxes on wealthy individuals and corporations. Less than a month into office, Mamdani floated raising property taxes to address what he described as a multibillion-dollar budget gap comparable to the Great Recession. He has also pushed Governor Kathy Hochul to raise the corporate tax rate from 7.25% to 11.5% and add a 2% tax on incomes above $1 million.
When Mamdani won his election, Dimon opened the communication lines by calling the newly elected mayor. Previously, Dimon <a href="https://www.nytimes.com/2025/07/15/business/mamdani-nyc-business-leaders.html">called</a> Mamdani’s free buses and rent freezes “the same ideological mush that means nothing in the real world.”
Mamdani has previously told reporters that when he goes into meetings with business leaders, he keeps an open mind. “I go into each of these meetings knowing what I know, knowing what I believe, and interested in what I can also learn from each and every one of the people who have made the city what it is.”
So far, however, there is little indication that the business community’s concerns about higher taxes have swayed him.

Jamie Dimon

Jamie Dimon Has Bad News For NY — And Red State May Reap The Rewards

Economy

New York City

Texas

Wall Street

Zohran Mamdani

President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and the bank&#8217;s CEO Jamie Dimon on Thursday, alleging that it closed Trump&#8217;s accounts in 2021 over &#8220;woke&#8221; motivations following the January 6 riot at the Capitol.
The suit argues that JPMorgan, one of the largest banks in the United States, violated its own principles when it terminated multiple accounts belonging to Trump and his business.
&#8220;Plaintiffs are confident that JPMC’s unilateral decision came about as a result of political and social motivations, and JPMC’s unsubstantiated, &#8216;woke&#8217; beliefs that it needed to distance itself from President Trump and his conservative political views,&#8221; the lawsuit <a href="https://www.scribd.com/document/985579226/Trump-suing-JPM-and-Dimon#download&amp;from_embed">states</a>. &#8220;In essence, JPMC debanked Plaintiffs’ Accounts because it believed that the political tide at the moment favored doing so.&#8221;
The lawsuit was filed by Trump&#8217;s attorney, Alejandro Brito, in a Florida state court in Miami, Fox Business <a href="https://www.foxbusiness.com/politics/trump-sues-jpmorgan-chase-ceo-jamie-dimon-5b-over-alleged-political-debanking">reported</a>. The suit says that on February 19, 2021, JPMorgan notified Trump and his business that their accounts would be closed in two months, adding that the bank &#8220;did not provide Plaintiffs any recourse, remedy, or alternative — its decision was final and unequivocal.&#8221;
&#8220;Because JPMC did not provide Plaintiffs and their affiliated entities with any advance notice before February 19, 2021, and unilaterally debanked Plaintiffs by terminating Plaintiffs’ Accounts, Plaintiffs suffered considerable financial harm and losses caused not only by the interruption to their access to JPMC’s banking services, but also by the devastating impact on Plaintiffs’ ability to transact and access their monies, and by having to enter into less favorable business arrangements with other financial institutions,&#8221; Trump&#8217;s lawyer argues.
The suit also alleges that JPMorgan placed Trump and his business on a &#8220;blacklist,&#8221; which &#8220;is accessible by federally regulated banks and is comprised of individuals and entities that have a history of malfeasant acts and are otherwise non-compliant with applicable banking rules and regulations.&#8221;
JPMorgan has also been <a href="https://adflegal.org/article/chase-bank-policy-change-adfs-latest-success-story-corporate-america/">accused</a> of debanking conservative groups such as the National Committee for Religious Freedom, which was founded by former Republican Senator and Ambassador Sam Brownback. The bank denies accusations that it has closed accounts for political or religious reasons.
The bank said on Thursday that it is confident that Trump&#8217;s lawsuit against it will not succeed.
“While we regret President Trump has sued us, we believe the suit has no merit,&#8221; JPMorgan said in a statement shared with The Daily Wire.
The statement continues, “We do close accounts because they create legal or regulatory risk for the company. We regret having to do so but often rules and regulatory expectations lead us to do so. We have been asking both this Administration and prior administrations to change the rules and regulations that put us in this position, and we support the Administration’s efforts to prevent the weaponization of the banking sector.”
After backlash to JPMorgan&#8217;s decision to debank Trump and other conservatives, the bank <a href="https://www.dailywire.com/news/major-win-jpmorgan-chase-ends-political-debanking">changed</a> some of its policies and clarified that customers could not be discriminated against for political or religious views. Dimon said last year that his bank does not &#8220;debank people because of political or religious affiliations.&#8221;
&#8220;But there are a lot of things that can be fixed. We should fix them,&#8221; Dimon <a href="https://subscriber.politicopro.com/article/2025/02/jamie-dimon-regulators-pretty-much-to-blame-for-debanking-00204094">added</a>. &#8220;The rules and requirements are so onerous, and it does cause people to be debanked, who in my opinion, should not be debanked.&#8221;

Donald Trump/JPMorgan Chase

‘Political And Social Motivations’: Trump Sues JPMorgan Chase Over January 6 Debanking

Donald Trump

President Donald Trump believes Democrats are reviving attention on Jeffrey Epstein to distract from the party’s recent government shutdown failure. Now, the president is directing his own focus toward Epstein, calling out prominent Democrats who had ties to the convicted sex offender.
Trump directed the Department of Justice on Friday to investigate Epstein&#8217;s connections to a list of powerful Democrats, including former President Bill Clinton, former U.S. Treasury Secretary and Harvard President Larry Summers, and venture capitalist Reid Hoffman. Trump compared the Democratic Party&#8217;s focus on Epstein to the Russian collusion investigation during his first administration, arguing that all the &#8220;arrows&#8221; are &#8220;pointing to the Democrats.&#8221;
&#8220;Now that the Democrats are using the Epstein Hoax, involving Democrats, not Republicans, to try and deflect from their disastrous SHUTDOWN, and all of their other failures, I will be asking A.G. Pam Bondi, and the Department of Justice, together with our great patriots at the FBI, to investigate Jeffrey Epstein’s involvement and relationship with Bill Clinton, Larry Summers, Reid Hoffman, J.P. Morgan, Chase, and many other people and institutions, to determine what was going on with them, and him,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115548785919046772">wrote</a> on Truth Social.
&#8220;Records show that these men, and many others, spent large portions of their life with Epstein, and on his &#8216;Island.&#8217; Stay tuned!!!&#8221; Trump added.
Trump&#8217;s directive comes two days after Democrats <a href="https://www.dailywire.com/news/dems-drop-new-epstein-emails-in-which-he-claims-trump-knew-about-the-girls">released</a> multiple Epstein emails, including correspondence in which the pedophile claimed that Trump &#8220;knew about the girls&#8221; and “spent hours” at Epstein’s home with one of the sexual abuser&#8217;s victims. The House GOP Oversight Committee released an additional 20,000 pages of documents on Wednesday, and the White House <a href="https://www.dailywire.com/news/trump-responds-to-epstein-emails-dropped-by-dems-says-its-an-attempt-to-deflect-from-shutdown">said</a> that the contents further confirm that Trump did not take part in Epstein&#8217;s sex crimes.
“The Democrats selectively leaked emails to the liberal media to create a fake narrative to smear President Trump. The ‘unnamed victim’ referenced in these emails is the late Virginia Giuffre, who repeatedly said President Trump was not involved in any wrongdoing whatsoever and ‘couldn’t have been friendlier’ to her in their limited interactions,” said White House Press Secretary Karoline Leavitt.
Trump also <a href="https://www.dailywire.com/news/trump-responds-to-epstein-emails-dropped-by-dems-says-its-an-attempt-to-deflect-from-shutdown">responded</a> to the Epstein email dump, saying on Wednesday that &#8220;Democrats are trying to bring up the Jeffrey Epstein Hoax again because they’ll do anything at all to deflect on how badly they’ve done on the Shutdown.&#8221; He added, &#8220;Only a very bad, or stupid, Republican would fall into that trap.&#8221;
Clinton&#8217;s association with Epstein is well documented, but — like Trump — the former president has not been accused of any wrongdoing related to Epstein&#8217;s crimes. Clinton traveled across the world with Epstein numerous times, with flight records indicating that the former president was on Epstein&#8217;s infamous “Lolita Express,” the airplane on which Epstein is accused of using to sex traffic underage girls. In 2002, Clinton was also <a href="https://www.yahoo.com/news/fact-check-2002-pic-epstein-195200112.html">pictured</a> getting a massage from one of Epstein&#8217;s accusers, then-22-year-old Chauntae Davies. Davies accused Epstein of raping her multiple times over the course of four years. She did not accuse Clinton of any wrongdoing.
Summers also had a good relationship with Epstein, as did financial power player Hoffman. None of those men has been publicly accused by any of the women who were victimized by Epstein. Summers and Epstein communicated regularly throughout the years, and the latest Epstein email dump revealed that Summers <a href="https://www.nytimes.com/2025/11/12/us/politics/epstein-larry-summers.html">asked</a> Epstein for advice about a relationship with a woman after Epstein had pleaded guilty to state-level prostitution charges.
Hoffman <a href="https://www.axios.com/2019/09/12/reid-hoffman-jeffrey-epstein-mit-donations">admitted</a> in 2019 that his relationship with Epstein and his agreement to participate in a fundraising event alongside him &#8220;helped to repair [Epstein&#8217;s] reputation and perpetuate injustice.&#8221;
&#8220;For this, I am deeply regretful,&#8221; Hoffman added.
J.P. Morgan Chase, one of the world&#8217;s largest banks, has faced scrutiny after <a href="https://docs.house.gov/meetings/JU/JU00/20250917/118612/HHRG-119-JU00-20250917-SD055-U55.pdf">processing and handling</a> more than $1 billion for Epstein over the course of 15 years. JPMorgan agreed to a $290 million settlement with Epstein&#8217;s victims in 2023 after it was accused of ignoring red flags about Epstein&#8217;s sex trafficking.

Trump/Clinton/Epstein

Trump Unleashes DOJ To Investigate Epstein’s Democrat Friends

Bill Clinton

Crime

Executive

Jeffrey Epstein

Larry Summers

Politics

Reid Hoffman

The deal to reopen the government drives a wedge between Democrats, Florida probes JPMorgan Chase over helping the Biden administration target Donald Trump. On this Veterans Day, we talk to a retired Marine Corps Major about how the shutdown has affected veterans and service members.
It’s Tuesday, November 11, 2025, and this is the news you need to know to start your day. Today’s edition of the Morning Wire podcast can be heard below, and <a href="https://www.dailywire.com/episode/mrn-251111-member-exclusive">the video version can be seen on The Daily Wire</a>:
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<h2 style="text-align: center;">Shutdown Deal Looming</h2>
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-998853" src="https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems-300x169.jpg" alt="" width="300" height="169" srcset="https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/11/Shutdown-Splits-Dems.jpg 1920w" sizes=" (max-width: 300px) 100vw, 300px" />
Topline: After the Senate reached a deal to end the government shutdown, hard-Left Democrats are taking aim at those who’ve worked toward a compromise. 
After the Senate reached a breakthrough Sunday night and moved forward with a procedural vote, it convened again Monday afternoon to wrap up the final details. Finally, it passed a clean continuing resolution to keep the government funded through January 30.
The next step for this bill is to head back to the House, and Speaker Mike Johnson (R-LA) has already called his members back for a vote. While it’ll be close, Johnson said it’s expected to pass, and that President Trump is on board. Trump’s support will help push any Republicans who might still be on the fence.
Overall, this progress was welcomed by federal workers, air travelers, and especially investors. Markets jumped at the apparent agreement, the NASDAQ, for example, surged a whopping 2%, and the DOW and S&amp;P500 each closed just off record highs. 
Democrats face backlash: Not everyone was excited at the news, as a number of high-profile Democrats on Monday criticized the looming deal.
Social media erupted with calls for Minority Leader Chuck Schumer (D-NY) to step down. Democratic House Member Ro Khanna posted that “Schumer is no longer effective and should be replaced.” He added, “If you can’t lead the fight to stop healthcare premiums from skyrocketing for Americans, what will you fight for?”
House Minority Leader Hakeem Jeffries (D-NY) has stood by Schumer. He says he was effective and should keep his position.
“Leader Schumer and Senate Democrats over the last seven weeks have waged a valiant fight on behalf of the American people, and I’m not going to explain what a handful of Senate Democrats have decided to do. That’s their explanation to offer to the American people,” Jeffries said.
<h2 style="text-align: center;">JPMorgan Chase Probed Over Arctic Frost</h2>
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-998851" src="https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan-300x169.jpg" alt="" width="300" height="169" srcset="https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/11/Frost-Bites-JPMorgan.jpg 1920w" sizes=" (max-width: 300px) 100vw, 300px" />
Topline: Florida’s top prosecutor on Monday notified one of the world’s largest banks, JPMorgan Chase, that it’s under investigation for its role in the Biden administration’s controversial Arctic Frost probe.
Florida Attorney General James Uthmeier sent a letter to the bank. This investigation was prompted by information released by the Senate Judiciary Committee indicating that former Special Counsel Jack Smith&#8217;s Arctic Frost investigation into Trump had targeted hundreds of GOP lawmakers, activists, and entities with subpoenas.
Uthmeier suspects that JPMorgan Chase provided sensitive banking information to the Department of Justice and to Smith as part of the malicious prosecutions of Trump. He <a href="https://www.dailywire.com/news/exclusive-florida-ag-probes-jpmorgans-cooperation-with-arctic-frost-as-it-debanked-trump?author=Mary+Margaret+Olohan&amp;category=News&amp;elementPosition=1&amp;row=0&amp;rowType=Vertical+List&amp;title=EXCLUSIVE%3A+Florida+AG+Probes+JPMorgan%E2%80%99s+Cooperation+With+Arctic+Frost+As+It+Debanked+Trump">told</a> The Daily Wire that the bank was asking many questions of Trump Media, its client, that were seemingly unrelated to its business.
The bank did not directly address the Monday letter when contacted by The Daily Wire, but a spokeswoman said JPMorgan follows the law in responding to government subpoenas and will continue to do so. She also stressed that JPMorgan doesn&#8217;t discriminate against anyone based on politics, saying it&#8217;s terrible that people can lose their bank accounts because of broken policies that encouraged banks to be overly cautious. She added that it&#8217;s not fair and shouldn&#8217;t happen, and that it&#8217;s great this administration is finally bringing the regulatory change that&#8217;s been requested for years.
GOP looks at Boasberg: Judge James Boasberg signed off on the warrants for the FBI to go after the phone records and essentially spy on nearly a dozen Republican lawmakers. That has sparked more than a few calls for Boasberg to face some sort of accountability.
“But Judge Boasberg, what he did to the president or what he did to Sen. [Ted] Cruz and maybe other senators, absolutely – and I don&#8217;t say this lightly – absolutely is worthy of impeachment proceedings. There has to be accountability,” Sen. Eric Schmitt (R-MO) <a href="https://x.com/SenEricSchmitt/status/1984279659790643327">said</a>.
Boasberg, as chief justice of the D.C. District Court, was the one who had to <a href="https://www.foxnews.com/politics/boasbergs-role-arctic-frost-investigation-sparks-criticism-from-gop-senators">review</a> the applications for phone records and sign off on them, as well as gag orders related to them.
It is unclear what was included in those applications – much of the materials that Boasberg reviewed are classified. But because Boasberg has discretion in approving these applications, many Republicans think he should be looked into for possible violations of the Constitution’s Speech and Debate Clause, which protects lawmakers from law enforcement actions based on their congressional work.
<h2 style="text-align: center;">Veterans Day Interview</h2>
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-998849" src="https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans-300x169.jpg" alt="" width="300" height="169" srcset="https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/11/Saluting-Our-Veterans.jpg 1920w" sizes=" (max-width: 300px) 100vw, 300px" />
Topline: On this Veterans Day, we wanted to take a moment to focus on how the events of the past 40 days have impacted our veterans and service members. 
Morning Wire spoke to retired Marine Corps Major and CEO of Lovell Government Services, Chris Lovell, about the government shutdown’s impact on veterans. (The following interview has been edited for clarity.)
Morning Wire: It looks like we have an end in sight for the government shutdown, but I wanted to ask you how this has impacted veterans and service members in particular. What kind of impact have we seen so far from the government shutdown?
Lovell: There&#8217;s been a little anxiety with some veterans not sure whether they get paid or not. The active-duty forces, you know, there were two paydays where that was in question. The administration did the right thing. They ensured they were paid in terms of the veterans, you know, post service – the VA suffered slightly with some outreach programs that would otherwise not have been affected if the shutdown was not an issue. Things like vocational and rehab for transitioning services for when veterans are getting out, backlog now about 10,000 at last count. The veteran secretary, Doug Collins, mentioned that a few days ago. But by and large, there&#8217;s a little bit of anxiety overall, like, is this going to end? And, am I going to get the services that I earned?
Morning Wire: Right, and we&#8217;ve covered how that one-time payment was possible, but going forward, it was unclear if the Trump administration was going to be able to figure out how to make ends meet for future paychecks. About the Trump administration, broadening out, how has this new administration impacted the lives of military service members?
Lovell: It&#8217;s encouraging that the commander-in-chief has their back and has said as much in terms of making sure that the active duty forces get their pay without delay. And for us, it&#8217;s the 250th birthday of the Marine Corps today. Now, Lovell Government Services, my company, we hire tons of Marines. We had a cake-cutting ceremony, and we talked about JD Vance, right? The vice president, the first Marine to be in the White House, and for the troops, what a morale booster to see, you know, the vice president, a former enlisted Marine, at the highest levels of government doing great work.
Morning Wire: Final question, with this being Veterans Day, how do you think we can best preserve the legacy of our military service members?
Lovell: Even if you&#8217;re not a veteran, I would encourage you to go to a Veterans Day ceremony. If you have friends and family that served, reach out to them, ask them about their time in service. What were their favorite times? What did they do that they remember the most that brought them the most satisfaction? And you know, when it comes to Veterans Day, I like to think of veterans that influenced me as a young man, and one of those people is Major James Capers. He&#8217;s a Silver Star winner, served in Vietnam, and right now his Medal of Honor is pending at the highest levels of the Secretary of War&#8217;s office and with the administration. And he&#8217;s 88 years old, and he did some superhuman things that I think are well-deserving of the Medal of Honor. … And so I think it would be fitting to mention Major Capers this Marine Corps birthday and also for tomorrow for Veterans Day.

MRN 11.11.25

Morning Brief: Shutdown Deal Divides Dems, America’s Largest Bank Investigated, & Honoring Veterans

Arctic Frost

Chuck Schumer

Government Shutdown

James Boasberg

Mike Johnson

Morning Wire

Veterans Day

One of the world&#8217;s largest banks was notified on Monday morning that its cooperation with the Biden administration&#8217;s partisan Arctic Frost probe is now under investigation by Florida&#8217;s attorney general, The Daily Wire can first report.
Florida Attorney General James Uthmeier told JPMorgan Chase in a Monday morning letter reviewed by The Daily Wire that it had &#8220;grave concerns&#8221; about the bank&#8217;s actions relating to Trump Media, the Florida-based company that operates Truth Social.
The investigation was prompted by information released by the Senate Judiciary Committee, which <a href="https://www.judiciary.senate.gov/press/rep/releases/new-jack-smith-subpoenaed-records-for-over-400-republican-targets-as-part-of-arctic-frost">disclosed last month</a> that Special Counsel Jack Smith&#8217;s Arctic Frost investigation into Donald Trump had targeted hundreds of Republican individuals and entities with subpoenas.
&#8220;I write to express grave concerns about the explosive revelations regarding the Biden Administration’s pursuit of its political adversaries, and [JPMorgan Chase&#8217;s] ensuing actions in the shadow of this operation, codenamed &#8216;Arctic Frost,'&#8221; Uthmeier wrote in a letter to JPMorgan Chase, first obtained by The Daily Wire.
In the letter, which was sent Monday to JPMorgan Chief Executive Officer Jamie Dimon, Uthmeier notes that the Biden DOJ subpoenaed JPMorgan on March 28, 2023. That subpoena called for any and all records of Trump Media Group including &#8220;records covering a time period before [Trump Media] existed,&#8221; the Florida attorney general noted. 
&#8220;In addition to spying on Republican Senators,&#8221; the letter states, &#8220;the Biden Administration subpoenaed sensitive banking information from several Florida individuals, organizations, and business entities including Trump Media &amp; Technology Group Corp. (TMTG), a Florida corporation.&#8221; 
Uthmeier suspects that JPMorgan Chase was providing sensitive banking information to the Department of Justice and Smith as part of the &#8220;malicious prosecutions&#8221; into the president, the attorney general told the Daily Wire. He also said the bank was &#8220;asking many questions of Trump Media, its client, questions seemingly unrelated to its business.&#8221;
JPMorgan did not directly address the Monday letter, but spokeswoman Lauren Bianchi told The Daily Wire on Monday afternoon that the company will &#8220;follow the law in responding to subpoenas from the government and will continue to do so.&#8221;
JPMorgan alerted shareholders last week that it was &#8220;responding to requests from government authorities and other external parties regarding, among other things, the firm’s policies and processes and the provision of services to customers and potential customers,&#8221; an apparent reference to debanking. President Trump signed an <a href="https://www.dailywire.com/news/white-house-prepares-executive-order-targeting-politicized-debanking">executive order in August</a> demanding that regulators look into “politicized or unlawful debanking” by the big banks.
JPMorgan says it supports the executive order on debanking.
“This is a step in the right direction,” a JPMorgan spokesman told The Daily Wire in August. “Preventing regulatory overreach and reforming laws that have led to debanking are welcome efforts. The industry has been involved in identifying solutions to this problem for years and looks forward to continuing to work this Administration and Congress to get this right.”
Dimon himself has been vocal in his support of the Trump administration&#8217;s efforts to end debanking, noting that JPMorgan and other financial institutions were strong-armed into debanking individuals by the Biden administration.
“The rules and requirements are so onerous and it does cause people to be debanked who, in my opinion, should not be debanked,” Dimon <a href="https://subscriber.politicopro.com/article/2025/02/jamie-dimon-regulators-pretty-much-to-blame-for-debanking-00204094">told reporters</a> in February.
Bianchi, the spokeswoman, reiterated Dimon&#8217;s statement that it&#8217;s against any discrimination in the banking industry based on politics.
&#8220;It’s terrible that people can lose their bank accounts because of broken policies that encouraged banks to be overly cautious,&#8221; Bianchi told The Daily Wire. &#8220;It’s not fair and it shouldn’t happen, and it’s great that this administration is finally brining needed regulatory change we’ve been requesting for years.&#8221;
&nbsp;
<div id="attachment_998153" style="width: 923px" class="wp-caption aligncenter"><a href="https://www.dailywire.com/news/exclusive-florida-ag-probes-jpmorgans-cooperation-with-arctic-frost-as-it-debanked-trump/us-news-fla-ag-trump-endorsement-os" rel="attachment wp-att-998153"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-998153" class="wp-image-998153 size-large" src="https://dw-wp-production.imgix.net/2025/11/GettyImages-2239430764-913x576.jpg" alt="" width="913" height="576" srcset="https://dw-wp-production.imgix.net/2025/11/GettyImages-2239430764-913x576.jpg 913w, https://dw-wp-production.imgix.net/2025/11/GettyImages-2239430764-300x189.jpg 300w, https://dw-wp-production.imgix.net/2025/11/GettyImages-2239430764-768x485.jpg 768w, https://dw-wp-production.imgix.net/2025/11/GettyImages-2239430764.jpg 1024w" sizes=" (max-width: 913px) 100vw, 913px" /></a>Florida Attorney General James Uthmeier in St. Cloud, Florida, on Aug. 19, 2025. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images)</div>
The Florida attorney general&#8217;s letter also states that immediately after the &#8220;Biden DOJ’s fishing expedition began,&#8221; JPMorgan Chase started questioning Trump Media about its transactions from years prior. &#8220;[JPMorgan Chase] insisted this fact-gathering was merely &#8216;due diligence,'&#8221; the Florida attorney general said. &#8220;These inquiries, however, appear to be pretextual and unrelated to their stated purpose.&#8221;
Immediately after Trump Media closed a merger in March 2024, the letter says, JPMorgan Chase notified Trump Media that it was closing its bank accounts — timing that raises &#8220;obvious, troubling questions,&#8221; according to the Florida attorney general.
&#8220;This activity may implicate numerous Florida criminal and civil anti-fraud laws and de-banking prohibitions, as well as a breach of the basic, fundamental duties owed to your banking customers,&#8221; the letter states. &#8220;Rest assured, this office will be investigating to ascertain the nature of these secret and suspicious circumstances.  I have directed my Office of Statewide Prosecution and Enforcement Division to begin investigating this matter immediately.&#8221;
JPMorgan is asked in the letter to initiate a litigation hold to preserve all documents relevant to the matter.
Uthmeier told The Daily Wire that he&#8217;s committed to protecting Florida-based companies, especially when it believes there was &#8220;intent to harm.&#8221;
&#8220;We think it&#8217;s wrong that companies were just coughing things up to the Department of Justice when there was not real probable cause, and we think it&#8217;s wrong that companies are debanked, especially at such important times,&#8221; Uthmeier said. 
&#8220;So we&#8217;re going to investigate further,&#8221; the attorney general said. &#8220;We protect Florida-based companies like Trump Media Group. We protect our consumers and where there&#8217;s discriminatory banking practices taking place, especially those with intent to harm, we will fight back and hold wrongdoers accountable.&#8221;
Uthmeier also pointed out to The Daily Wire that the matter also appears to be related to Jack Smith&#8217;s January 6 investigation, and he noted that Trump Media Group&#8217;s Truth Social was launched in in February 2022, more than a year after January 6, 2021.
&#8220;Any notion that this company was somehow involved in whatever criminal activity that the Department of Justice alleged, wrongfully alleged, surrounded the J6 events,&#8221; he said. &#8220;Clearly, Truth Social would not have been a part of that.&#8221;
&#8220;It shows the full scope of the weaponization and the efforts to go after anybody related to Trump or the conservative cause.&#8221; 
Devin Nunes, the former congressman who’s now CEO of Trump Media, appeared on Fox News on Sunday <a href="https://www.youtube.com/watch?v=iFo4R24PSHs">where he also raised questions</a> about JPMorgan Chase&#8217;s treatment of Trump Media in relation to Arctic Frost.
&#8220;One would think that Trump Media would not have been caught up into Arctic Frost at all, largely because&#8230;we just became a public company in 2024 and we were nowhere around in 2021 on January 6. So why would Trump Media be subpoenaed at that time during this investigation? It doesn&#8217;t make any sense.&#8221;
&#8220;Should [JPMorgan Chase] have complied with this, knowing that we weren&#8217;t around? They had to know that our company wasn&#8217;t around on January 6. We were never notified&#8230;did this break laws in the state of Florida?&#8221;
JPMorgan &#8220;inexplicably&#8221; debanked Trump Media &#8220;right at the time we were going public,&#8221; he argued, &#8220;right at the height of the campaign,&#8221; a move that &#8220;looked political at the time,&#8221; but now looks even more suspicious.

Screenshot 2025-11-10 at 9.25.42 AM

EXCLUSIVE: Florida AG Probes JPMorgan’s Cooperation With Arctic Frost As It Debanked Trump

Florida

James Uthmeier

JPMorgan Chase this week announced a $1.5 trillion initiative to reduce America&#8217;s reliance on China, with CEO Jamie Dimon cautioning that the United States has become &#8220;too reliant&#8221; on adversarial nations for critical supplies.
Dimon, one of the most influential voices on Wall Street, unveiled the firm’s <a href="https://www.jpmorganchase.com/newsroom/press-releases/2025/jpmc-security-resiliency-initiative" target="_blank" rel="noopener">Security and Resiliency Initiative</a> to combat this issue on Monday. Through the initiative, JPMorgan will invest up to $10 billion in four key areas: supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies.
&#8220;The U.S. has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing — all of which are essential for our national security,&#8221; Dimon <a href="https://www.wsj.com/opinion/investments-for-national-security-e954411c?gaa_at=eafs&amp;gaa_n=AWEtsqcojq8v_IFiVE-mP1LoNEBJ97fJcA6JVlgr2gKwKrw7YrUeZHHoCoHedckFQGk%3D&amp;gaa_ts=68f01640&amp;gaa_sig=H1rn6_7YjpxQ3UEPrbXK_8VLOlrpWIDf_9-NqYg0ntF84Y3fsmguEEnm38cYZnd8FByrBCDlUrMpXLAe2dTp2w%3D%3D" target="_blank" rel="noopener">wrote</a> in a Wall Street Journal op-ed announcing the initiative.
&#8220;America needs more speed and investment,&#8221; Dimon wrote. &#8220;Our adversaries and potential adversaries aren’t waiting — we no longer have the luxury of time.&#8221;
&#8220;We need to act now,&#8221; Dimon stressed.
Currently, China produces 60% of the world’s rare earth minerals and performs up to 90% of the refining process to make them fit for everyday products. <a href="https://naturalresources.house.gov/uploadedfiles/hr761_everyday_uses.pdf" target="_blank" rel="noopener">Smartphones, defense systems, batteries, and medical devices</a> all contain critical minerals. Speaking on a press call, Dimon emphasized that this decision is a “JPMorgan initiative,” underscoring that it was developed independently of political or public-sector influence.
While not structured as a public-private partnership, the effort aligns with the Trump administration&#8217;s efforts to reduce American reliance on foreign governments for certain essential resources. In an effort to counter China’s dominance in critical minerals, the Trump administration took equity stakes in three mining companies: MP Materials Corp, Lithium Americas Corp, and Trilogy Metals Inc.
Public filings published by the Pentagon’s Defense Logistics Agency show plans to stockpile <a href="https://www.ft.com/content/cd5244eb-a8e9-42bc-8939-71ba0fefa057" target="_blank" rel="noopener">up to $1 billion of critical minerals</a>, underscoring their strategic importance.
Mining has not always been so politically favorable.
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“Today, my administration stopped a 211-mile road from carving up a pristine area that Alaska Native communities rely on, in addition to steps we&#8217;re taking to maintain protections on 28 million acres in Alaska from mining and drilling,” President Joe Biden said in 2024.
President Trump reversed that decision last Monday, citing that the project contains “extensive deposits of copper, silver, gold, lead, cobalt, and other strategic metals.”
Biden’s original pause followed a Bureau of Land Management report warning that the project “would require over 3,000 stream crossings and could impact at risk wildlife populations, including sheefish, the already-declining Western Arctic caribou herd, and other subsistence resources.”
During his first term, Trump faced backlash after finalizing plans for mining and drilling on national lands in Utah.
At the time, Kamala Harris said, “We cannot allow national treasures like these get opened to logging, mining &amp; oil drilling because of Pres. Trump.”
Senator Elizabeth Warren (D-MA) vowed during her 2020 presidential run to reverse Trump&#8217;s mining policies on her first day in office.
“Climate change threatens every living thing,&#8221; Warren said. &#8220;On day one, I’ll do everything a president can do all by herself to fight this crisis: Roll back the changes that Trump is putting in place, stop all new drilling and mining on federal lands, and end offshore drilling.”
Senate Minority Leader Chuck Schumer (D-NY) said, “These public lands belong to all Americans. Opening them up to mining and drilling against the will of the people is unacceptable.”
China’s metals and mining sector exceeded $10 billion in 2023, a 131% growth rate when <a href="https://www.energymonitor.ai/industry/weekly-data-china-seeks-to-extend-its-critical-minerals-dominance-with-overseas-investment-surge/" target="_blank" rel="noopener">compared</a> with the same period last year. This year, China’s metal and mining sector reached <a href="https://greenfdc.org/china-belt-and-road-initiative-bri-investment-report-2025-h1/#:~:text=Preliminary%20data%20on%20Chinese%20engagement,the%20previous%20record%20in%202024." target="_blank" rel="noopener">new investment records</a>, surpassing the previous record in 2024 in the first six months.

‘We Need To Act Now’: JPMorgan Launches $1.5 Trillion Initiative To Reduce U.S. Reliance On China

China

Minerals

As we pass the halfway point of the 2020s, it’s safe to say we’ve all had front row seats to what many people have described as the vibe shift. You don’t really have to pay attention to business to understand that something is changing in corporate America. You don’t have to be looking at stocks every day to realize that the balance of power is shifting away from the heights of wokeness we saw at the beginning of the 2020s. President Trump’s latest executive <a href="https://www.whitehouse.gov/fact-sheets/2025/08/fact-sheet-president-donald-j-trump-guarantees-fair-banking-for-all-americans/">order</a>, prohibiting politicized debanking, is creating massive positive waves for conservatives concerned about losing access to their finances — and investors who don’t want the banks they invest in playing politics. This comes on the heels of other executive orders targeted at biased AI <a href="https://www.whitehouse.gov/presidential-actions/2025/07/preventing-woke-ai-in-the-federal-government/">programs</a> and divisive, discriminatory <a href="https://www.whitehouse.gov/presidential-actions/2025/01/ending-radical-and-wasteful-government-dei-programs-and-preferencing/">DEI policies</a>.
These big steps are the results of top-down exercises in executive power. And a frequent criticism I hear, as someone whose job it is to pay attention to business, is that Trump’s executive orders will just create a facade of non-wokeness, under which companies will resume their previous biased policies. As it happens, answering that criticism is a major part of my work in the world of corporate engagement. Because the <a href="https://www.dailywire.com/news/the-year-the-dei-tide-turned?author=Isaac+Willour&amp;category=News&amp;elementPosition=10&amp;row=0&amp;rowType=Vertical+List&amp;title=The+Year+The+DEI+Tide+Turned">pushback</a> against ESG, DEI, &amp; corporate wokeness isn’t just coming from the White House. It’s coming from ordinary investors all across this country who want the businesses they invest in focusing on… well, business.
Let’s take debanking as an example. Months before Trump’s debanking executive order came down, banks like <a href="https://www.dailywire.com/news/major-win-jpmorgan-chase-ends-political-debanking?author=Isaac+Willour&amp;category=News&amp;elementPosition=3&amp;row=0&amp;rowType=Vertical+List&amp;title=Major+Win%3A+JPMorgan+Chase+Ends+Political+Debanking">JPMorgan Chase</a> &amp; <a href="https://x.com/IsaacWillour/status/1929918865842012351">Citigroup</a> adopted explicit guarantees: no more debanking based on clients’ political beliefs or affiliations. These banks weren’t just anticipating the regulatory and political shift coming from Washington — they were hearing from shareholders. Why? Because when businesses play politics, they don’t just incur the wrath of Republican politicians. These gambles with brand value and deviations from the core business model hurt ordinary Americans, who rightly expect Citigroup to create value for their kids’ college fund instead of opining on gun control through their lending policies.
When JPMorgan Chase debanked Ambassador Sam Brownback, investors took notice. And the investors I work with aren’t the type to sit back and take it. Shareholders like <a href="https://www.wsj.com/finance/my-bid-to-make-jpmorgan-less-woke-progressive-discrimination-conservatives-christians-shareholders-sec-banking-finances-583c7999?gaa_at=eafs&amp;gaa_n=ASWzDAhg8WubEGKB7cvLlardDDcKkGeJqpUicqcbM1xoLBHMGeBHqpP1w-ZC4shMtQk%3D&amp;gaa_ts=68957d1d&amp;gaa_sig=hpzyOTrRxsQ-AO0cLmG4VpK0q2-FpzuLTXkXA0T73nZM0Iu73898-9shhfsDz68MpAEbFs9tDXU_DvlMbfl-Fw%3D%3D">David Bahnsen</a> and other ordinary <a href="https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0001193125-24-064529/d529855ddef14a1.pdf">investors</a> were attending annual meetings and putting pressure on these companies from the inside for years, not to be right-wing or give special privileges to conservatives, but to play it neutral: serve everyone, because everyone needs banks. And because banks have a fiduciary duty to their shareholders, there have been real arguments occurring between investors and company reps for years on the debanking issue. Add to this pressure from red state fiduciaries cutting ties with activist banks (turns out, pro-energy states don’t take kindly to banks demonizing the energy industry), and the supercharging effect of an executive order, and you start to see how corporate America is slowly shifting back towards normalcy. And that’s just the debanking issue.
If you had to sum up why the backlash to corporate wokeness is working in one sentence, try this one: the pro-sanity business ecosystem has become too big to ignore, and too committed to fail. Think about it as a coalition. One part is ordinary investors and institutions who invest for return — these aren’t professional activists, a dynamic that companies are only recently having to get used to. Another part is financial professionals, another part are legal advocates like Alliance Defending Freedom, working to make sure companies can’t just ignore their own shareholders (because they try — often). Another part is friendly journalists and X personalities like Robby Starbuck, putting millions of eyes on this issue. Another part is the countless advocacy groups providing the research &amp; data that fuel our ability to talk to these companies, such as Consumers’ Research and the 1792 Exchange. Effective corporate engagement happens when all these forces align on a single aim: getting companies out of politics &amp; back to business. 
And we’re seeing real results on a whole host of issues. Beyond the debanking issue, we’re seeing companies <a href="https://www.theguardian.com/business/2025/jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration">ditch</a> anti-energy commitments in droves (turns out, net zero becomes a fantasy the minute you look at the energy demands of the real world.) We’re seeing companies commit to treating their religious employees with the same respect &amp; privileges afforded to non-religious ones, including through workplace affinity groups and inclusion in charity matching programs. We’re seeing companies like <a href="https://www.foxbusiness.com/media/pepsico-puts-out-viewpoint-neutral-media-buying-content-policy-website">PepsiCo</a> and <a href="https://www.dailywire.com/news/ibm-rolls-back-dei-commits-to-political-neutrality?author=Isaac+Willour&amp;category=News&amp;elementPosition=2&amp;row=0&amp;rowType=Vertical+List&amp;title=IBM+Rolls+Back+DEI%2C+Commits+To+Political+Neutrality">IBM</a> commit to not using their ad policies to discriminate against conservative news outlets like the Daily Wire. And we have good reason to believe that, as corporate engagement increases, more wins are coming.
So, what about that façade of nonwokeness? Aren’t companies just going to lie? As it happens, vigilance from actual investors is a fantastic way to safeguard against that. People generally have the biggest incentive to do something when it hurts to not do it. So, who has the biggest incentive to make sure businesses aren’t playing politics? The people who own the business: shareholders. The investors we represent have a clear incentive to be in the details — because the problem of corporate wokeness isn’t just a PR or branding issue. It’s an issue that affects the bottom line Americans depend on.
The vibe shift we’re seeing goes far beyond Washington, even though Washington matters. What’s happening in America, in real time, is conservative investors and institutions waking up and realizing that they’ve been leaving their financial influence on the table. And we truly have no blueprint for how much winning is possible when that influence is brought to bear. So, from Washington, to the halls of conservative institutions, to the ordinary mom-and-pop investors sitting at their kitchen table in West Texas — here’s to winning. The best is yet to come.
* * *
Isaac Willour is an award-winning journalist focusing on race, culture, and American conservatism, as well as a corporate relations analyst at Bowyer Research. His work has been featured at outlets including USA Today, The Wall Street Journal, The New York Times Opinion, C-SPAN, and The Daily Wire. He is a member of the Young Voices contributor program and can be found on X <a href="https://twitter.com/IsaacWillour" target="_blank" rel="noopener">@IsaacWillour</a>.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

Flag and Wall street sign

Why The Pro-Sanity Coalition Is Winning Again In Corporate America

Banks

Corporations

debanking

Diversity Equity and Inclusion (DEI)

Stock Market

Woke Culture

WASHINGTON—President Donald Trump is expected to take action against &#8220;politicized or unlawful debanking&#8221; practices, building off his own experience being denied service by JPMorgan and Bank of America.
Sources with direct knowledge of the matter <a href="https://nypost.com/2025/08/05/business/jpmorgan-and-bank-of-america-debanked-trump-under-pressure-from-biden-admin-sources/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=nypost">told the New York Post</a> that JPMorgan and Bank of America debanked the president and his tens of millions of dollars after President Joe Biden&#8217;s administration&#8217;s pressured banking regulators and the Federal Reserve. The debanking was reportedly related to Trump&#8217;s role in the January 6 Capitol Riot, the Post reported.
Regulators “put the fear of God in you if you did business” with Trump, one JPMorgan executive told the publication.
“Think back to what it was like being Trump back in 2021,&#8221; another banking executive with direct knowledge of the matter told the Post. &#8220;He was a hot potato after January 6 and the regulators made it clear to us that we shouldn’t do business with him.&#8221;
The president addressed the topic during a news appearance earlier this week, describing how he was given only a few weeks to &#8220;get out&#8221; of JPMorgan Chase as he tried to deposit a massive sum.
&#8220;The banks discriminated against me, very badly,&#8221; the president said. &#8220;They totally discriminated against me&#8230;they went to the regulators. Banks are not afraid of anything but a regulator&#8230;they told the banking commission, the banking regulators, do everything you can to destroy Trump. And that&#8217;s what they did. And guess what, I&#8217;m president? How did that happen?&#8221;
A White House official declined to get ahead of the president on the topic.
<div id="attachment_957841" style="width: 1034px" class="wp-caption alignnone"><a href="https://www.dailywire.com/news/white-house-prepares-executive-order-targeting-politicized-debanking/jp-morgan-chase-co-ahead-of-earnings-2" rel="attachment wp-att-957841"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-957841" class="wp-image-957841 size-full" src="https://dw-wp-production.imgix.net/2025/08/GettyImages-2224515482.jpg" alt="" width="1024" height="682" srcset="https://dw-wp-production.imgix.net/2025/08/GettyImages-2224515482.jpg 1024w, https://dw-wp-production.imgix.net/2025/08/GettyImages-2224515482-300x200.jpg 300w, https://dw-wp-production.imgix.net/2025/08/GettyImages-2224515482-865x576.jpg 865w, https://dw-wp-production.imgix.net/2025/08/GettyImages-2224515482-768x512.jpg 768w" sizes=" (max-width: 1024px) 100vw, 1024px" /></a>Gabby Jones/Bloomberg via Getty Images.</div>
A JPMorgan spokesman emphasized to The Daily Wire that the bank supports fair access to banking and does not close accounts based on someone&#8217;s religion or politics. The spokesman said that JPMorgan has long said it is an issue that requires federal leadership, which is what the Trump administration appears to be doing with its executive order.
&#8220;This is a step in the right direction,&#8221; the spokesman said. &#8220;Preventing regulatory overreach and reforming laws that have led to debanking are welcome efforts. The industry has been involved in identifying solutions to this problem for years and looks forward to continuing to work this Administration and Congress to get this right.&#8221;
Senate Republicans have raised concerns about banks weaponizing &#8220;reputational risk&#8221; as a measure to determine whether it is safe to bank figures like Trump. Republican Tim Scott of South Carolina, for example, <a href="https://www.banking.senate.gov/newsroom/majority/scott-leads-effort-to-combat-debanking">led Banking Committee Republicans in May</a> in introducing legislation to eliminate all references to reputational risk when assessing the safety and soundness of regulated financial institutions.
The president is not alone laying the blame at the feet of regulators. The America First Policy Institute <a href="https://www.americafirstpolicy.com/issues/debanked-when-political-bias-trumps-financial-judgment">released a white paper last week</a> arguing that debanking is caused by &#8220;politically motivated federal regulators pressuring banks to end relationships with businesses they find ideologically objectionable.&#8221;
The group calls for Congress to consider laws requiring banking regulation be based on &#8220;financial principles, rather than subjective criteria and political judgments.&#8221;
&nbsp;

White House US President Donald Trump

White House Prepares Executive Order Targeting Politicized Debanking

Bank of America

JPMorgan Chase <a href="https://www.bloomberg.com/news/articles/2025-07-11/jpmorgan-tells-fintechs-they-have-to-pay-up-for-customer-data">just announced</a> a new set of fees on financial-technology (fintech) platforms for access to their customers&#8217; bank account information. This move from the banking giant is a direct attack on consumer choice, financial innovation, and the free market.
America’s biggest bank is effectively imposing a tax on consumers. These fees aren’t about protecting customers or improving service; they’re about preserving the bank’s monopoly over your money and your information.
This is the clearest sign yet that Wall Street is terrified of competition from fintech platforms, decentralized finance (DeFi), and crypto. That’s because these sectors are delivering what traditional banks have long resisted: greater consumer choice, better user experiences, lower fees, and more transparency. They’re unlocking new technologies, slashing costs, and giving users greater control over their financial futures.
Apps like Venmo, Acorns, Robinhood, and Chime rely on secure access to banking data to offer direct-to-consumer services. These apps work because they can securely link to a user’s bank account through third-party platforms. When banks like JPMorgan make those connections more expensive or difficult, they’re not just squeezing fintech platforms, they’re cutting off consumers from tools they increasingly rely on and, in essence, forcing you to pay for access to your own banking information.
It&#8217;s clear JPMorgan and other major banks are trying to preserve their role as gatekeepers and consolidate control over consumers. It’s anti-competitive, plain and simple.
Worse still, when big banks like JPMorgan consolidate control, they’re able to impose political agendas. We&#8217;ve already seen how major financial institutions have embraced ideological causes and weaponized their power to &#8220;debank&#8221; disfavored individuals and businesses, usually conservative ones. Restricting access to financial data is just another tool to block the rise of independent platforms they can’t control.
These new fees will stifle innovation, suppress competition, and force Americans to depend on institutions that have prioritized politics over people.
At risk are the apps and digital currencies that give Americans the freedom to move their money, manage their budgets, invest in new ways, and protect their data from the very institutions that have spent decades abusing their trust.
That’s why Consumers’ Research is calling out JPMorgan’s tactics for what they are: predatory, monopolistic, and dangerous.
This is not what the future of banking should look like, but rather the past trying to hold on. By making it harder for outside platforms to access data, the big banks keep users locked into their own systems and interfaces. This allows them to charge higher fees, limit transparency, and maintain their control over customer relationships and financial insights.
Consumers’ Research has long warned that consolidation in the financial sector is a danger to both economic freedom and political neutrality. These new fees are another way to prevent disruptive platforms from offering alternatives that embrace consumer choice and remain free of political agendas. JPMorgan’s self-serving actions are bad for consumers and bad for America.
* * *
Will Hild is the Executive Director of Consumers’ Research, the nation’s oldest consumer advocacy organization.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

JP Morgan Chase & Co. Ahead Of Earnings

Debanking By Design: JPMorgan’s War On Fintech And Consumer Choice

Debanking By Design: JPMorgan's War On Fintech And Consumer Choice

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A new president might be in the White House, but Washington, D.C., is pushing “Pride” as much as ever this year. 
From parades and marches to dance festivals and drag performances, the nation’s capital has not stepped back from using “Pride Month” to push radical gender ideology. This year in D.C., hundreds of thousands of people took part in a three-week-long celebration called “<a href="https://worldpridedc.org/event/world-pride-family-fun-festival/">WorldPride</a>.” The weeks-long event concluded on Sunday with a march and a video message from former Vice President Kamala Harris, The Washington Post <a href="https://www.washingtonpost.com/dc-md-va/2025/06/08/world-pride-rally-march-national-mall/">reported</a>. 
“Pride is about honoring the trailblazers who came before, joining arms with those leading the fight for equality today and empowering the next generation to live boldly, freely and with joy,” Harris <a href="https://www.washingtonpost.com/dc-md-va/2025/06/08/world-pride-rally-march-national-mall/">said</a>. “In this moment, as you gather with friends and allies from across the world, let us be clear: No one should be made to fight alone. We are all in this together.”
While President Donald Trump and his administration have pushed back on some of the crazy transgender policies that were supported by the Biden administration, the Left continues to stake its identity on allowing men to compete against women and defending the sterilization and mutilation of children. 
The WorldPride event in D.C. was <a href="https://worldpridedc.org/our-advocates/">sponsored</a> by numerous companies and activist groups, including (unsurprisingly) Kaiser Permanente, the medical group that was <a href="https://www.dailywire.com/news/detransitioner-chloe-cole-announces-official-lawsuit-against-kaiser-permanente-for-medical-negligence">sued</a> by detransitioner Chloe Cole claiming medical negligence for allegedly facilitating the chemical and surgical sex change operations on Cole when she was a minor. Another sponsor is Johns Hopkins University, which <a href="https://www.hopkinsmedicine.org/center-transgender-health/services-appointments/children-adolescents-and-young-adults#:~:text=Clinical%20services%20are%20available%20for%20children%2C%20adolescents,for%20Transgender%20and%20Gender%20Expansive%20Health%20guidelines.">offers</a> children puberty blockers and cross-sex hormones. 
The <a href="https://worldpridedc.org/our-advocates/">list</a> of other sponsors goes on and on: 
<ul>
<li>Amazon </li>
<li>Starbucks</li>
<li>Ikea</li>
<li>JP Morgan Chase</li>
<li>Morgan Stanley</li>
<li>McDonald’s</li>
<li>Corona</li>
<li>Delta</li>
<li>United</li>
<li>Fresca</li>
<li>Hilton</li>
<li>Marriot</li>
<li>Wegmans</li>
<li>Hyatt</li>
<li>Dollar Tree</li>
<li>H&amp;M</li>
<li>Macy’s</li>
<li>Total Wine &amp; More</li>
<li>Astra Zeneca</li>
<li>AARP</li>
</ul>
All of these companies put their public stamp of approval on an event that focused on celebrating the LGBT identity and encouraged parents to bring their children to the “<a href="https://worldpridedc.org/event/world-pride-family-fun-festival/">World Pride Family Fun Festival</a>,” which it said would be “especially enjoyed by children ages 2–10.”
Most Americans are tired of the “Pride Month” shenanigans, but they’re still being shoved down their throats with the endorsements of some of the country’s most popular brands. 
At least there are still some companies that can read the room and aren’t going to push LGBT craziness — companies like <a href="https://www.jeremysrazors.com/">Jeremy’s Razors</a>. 
Check out some of the quality products offered by Jeremy’s Razors, such as the<a href="https://www.jeremysrazors.com/products/precision-5-trial-kit-2?selling_plan=3820880085"> Precision 5 Razor</a>. Feel a little dirty after reading about D.C.’s “Pride” festival? Check out Jeremy’s all-new <a href="https://www.jeremysrazors.com/products/birch-bark-body-soap?_pos=1&amp;_sid=32db4f1d8&amp;_ss=r&amp;variant=51559588462805&amp;selling_plan=4232937685">Birch Bark body soap</a>. 
We’re not even halfway through June. The incessant drumbeat of “Pride Month” still has weeks to drive us crazy. Hopefully, you don’t have to be in a place like D.C. to endure the rest of it.
Jeremy&#8217;s Razors shares common ownership with The Daily Wire.

People celebrating Pride Month and Parade-People marching with the rainbow LGBTQ flag

D.C. Goes All Out For ‘Pride’: These Companies Sponsored The Weeks-Long LGBT Celebration

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