Free Republic

If you’ve ever had a rug pulled out from under you, then you know how it feels to suddenly lose access to your own bank account. That’s what happened to me in 2022, when JPMorgan Chase, America’s largest bank, abruptly canceled our newly opened account for the National Committee for Religious Freedom. I started NCRF after spending decades in public life, including three years in the first Trump administration serving as ambassador-at-large for international religious freedom. The group proactively defends the constitutional freedom of religion so that all Americans can peaceably live according to their faith. Our advisory board includes...

The US federal government weaponized the banking system to attack conservatives during the Biden Administration. A Congressional investigation committee released an extremely concerning report in December entitled: “FINANCIAL SURVEILLANCE IN THE UNITED STATES: HOW THE FEDERAL GOVERNMENT WEAPONIZED THE BANK SECRECY ACT TO SPY ON AMERICANS” that details how the US government has been monitoring American citizens through bank transactions, with an emphasis on citizens who have expressed conservative viewpoints. The banks were caught red-handed and now some are expressing their need to change, so long as they are in line with whomever is currently in the White House. JPMorgan...

JPMorgan Chase has agreed to adopt language that will protect against future instances of political and religious debanking in its Code of Conduct. The changes mark a crucial step forward at the nation’s largest bank, which has come under heightened scrutiny for several instances of apparent viewpoint-based cancelations in recent years. The policy changes, which Chase has agreed to adopt and post publicly by late July, protect against religious and political discrimination for customers, suppliers, contractors, and employees. In particular, the changes specify that the company will “not tolerate discrimination” “based on … religion, religious affiliation, or religious views” or...

By debanking conservatives, JPMorgan and Bank of America may be “debanking” themselves, On The Money has learned. It all stems from a raft of bad publicity that began with President Trump’s statements in Davos a couple of weeks ago, accusing the nation’s No. 1 and No. 2 banks of canceling accounts of conservatives. It continued with Wednesday’s Senate Banking Committee hearing on the matter. The result: Some customers began to flee the big guys, and at least one beneficiary has been to a small online bank that is beginning to make a name for itself in conservative circles by claiming...

Not soon after the general election, and within two weeks of each other, two major financial institutions have left a United Nations Net Zero Banking Alliance (NZBA). This is after they joined three years ago, pledging to require environmental social governance standards (ESG) across their platforms, products and systems. According to the "bank-led and UN-convened" NZBA, global banks joined the alliance, pledging to align their lending, investment, and capital markets activities with a net-zero greenhouse gas emissions by 2050, NZBA explains. Since April 2021, 145 banks in 44 countries with more than $73 trillion in assets have joined NZBA, tripling...

JPMorgan Chase CEO Jamie Dimon has been communicating with Donald Trump in recent months through secret back channels, helping the president-elect hammer out a policy agenda before and since his decisive White House victory, The Post has learned. The 68-year-old Wall Street titan — who, like 78-year-old Trump, grew up in Queens in New York City — has acted as “a sounding board” for the incoming commander-in-chief’s economic manifesto, four sources close to Trump’s transition team *** The quietly cozy relationship between Trump and Dimon has flourished despite the banker’s cryptic and tight-lipped tendencies when it comes to politics. Trump...

In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices. "I'm not the kind of conspiracy buff that many of my friends in the industry are," Lundin wrote, "but it's hard to look at silver and not see some hidden hands at work (especially considering who holds so much of the metal in both physical and paper forms while acting as custodian for the biggest silver exchange-traded fund)." Of course, Lundin meant investment bank JPMorgan Chase and silver ETF SLV. Why anyone would invest...

Chase Bank customers could see some additional charges in the not too distant future. The country’s biggest retail bank is warning that it might begin charging customers for their accounts. That would impact some 86 million customers. The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will...

JPMorgan Chase just issued a major warning to its 86 million customers. The banking giant says a list of new regulations from Washington, D.C. will force the company to begin charging customers for checking accounts, reports the Wall Street Journal. The bank cites proposed regulations from the Consumer Financial Protection Bureau and the Federal Reserve, which are pushing for new caps on credit and debit card late fees and higher capital reserves, as primary catalysts that would push the bank to eliminate free checking services.

JPMorgan Chase bank has apparently rolled back a policy that led to the de-banking of several conservatives and nonprofit groups, according to Alliance Defending Freedom (ADF). Fox News reported on Friday that the bank had rolled back its WePay service, and the Christian law firm is praising the move. The service “required merchants to refrain from accepting payments or using the service for activities related to ‘social risk issues,’ which the bank defined as anything ‘subject to allegation and impacts related to hate groups, systemic racism, sexual harassment and corporate culture,'” the outlet said. In May 2019, JPMorgan Chase Chief...

Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though its unclear by how much.In a response to a question Monday about the bank’s succession planning, Dimon indicated that his expected tenure is less than five more years. That’s a key change from Dimon’s previous responses to succession questions, in which his standard answer had been that retirement was perpetually five years away.

JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s. "Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York. The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again.

In the classroom, the boardroom, and at the speaker’s dais, the former chair of the joint chiefs cashes in. SINCE RETIRING FROM the military last year, former Chair of the Joint Chiefs of Staff Army Gen. Mark Milley has become a senior adviser to JPMorgan Chase bank, joined the faculties of Princeton and Georgetown, and embraced the lucrative paid speaking circuit. From military pay of $204,000 a year, Milley is sure to skyrocket to compensation in the millions, especially because he is represented by the same high-powered speakers’ agency as Hillary Clinton, who faced criticism in 2016 for her paid...

Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...

A criminal IRS investigation into Hunter Biden — President Biden’s son — appears to have convened a grand jury as far back as May 2019, a confidential subpoena served to JPMorgan Chase bank reveals. The subpoena also seeks bank records of James Biden, the president’s brother, which appears to be the first time another Biden family member has surfaced in connection with the investigation. The document, obtained by Breitbart News, specifically demands information on related transactions between JPMorgan Chase Bank, which the document calls “correspondent bank,” and the Bank of China, which the document calls the “originating or beneficiary bank.”...

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's climate initiatives...

JPMorgan Chase CEO Jamie Dimon slammed Democratic messaging about MAGA, or “Make America Great Again,” Republicans on Wednesday, telling Democrats to “grow up” and “listen” to supporters of former President Trump. “When people say MAGA, they’re actually looking at people voting for Trump and … they’re basically scapegoating them,” Dimon told CNBC’s “Squawk Box.” “I don’t like how [Trump] said things about Mexico … but he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” Dimon continued. “And I think people should be a little more respectful of our fellow citizens.”

Top U.S. bank JP Morgan Chase on Friday reported $49.6 billion in profits for 2023, a record for the bank, despite a sector crisis that shut down multiple smaller institutions. Profits for the year were up for the bank despite net income bringing in only $9.3 billion in the fourth quarter, falling 15%, while the company brought in $39.9 billion in net revenue, up 12% for the quarter, according to JP Morgan’s fourth quarter earnings report. JP Morgan’s record profits come after a year of crisis for the sector, starting with a bank run in March at Silicon Valley Bank...

Three US banking giants have just had their ratings downgraded to “negative” by Moody’s. Moody’s Investor Service downgraded JPMorgan Chase, Wells Fargo and Bank of America to negative ratings after previously classifying them as stable, MarketWatch reports. Analyst Peter E. Nerby of Moody’s said that the worsening outlook on bank debt was due to “the potentially weaker capacity of the government of the United States of America (Aaa negative) to support the U.S.’s systemically important banks.” In particular, JPMorgan’s downgrade was partially because the bank runs a “complex” capital markets business that may post “substantial” risks to its creditors. A...

The New York Times reported on the 9th November, that a federal judge had approved the $290 million settlement of a class-action lawsuit brought by the sex abuse victims of Epstein against JPMorgan Chase—a close mutual business associate of both Gates and Epstein. Over this past year, JPMorgan has agreed to pay an additional $75 million—for a combined total of $365 million—to settle another lawsuit relating to its established banking relationship with Epstein.“The suits revealed that JPMorgan facilitated approximately $1 billion in transfers for Epstein which the bank admitted were “human trafficking” related.” according to author of new book, Controligarchs:...