Dimon, Moynihan says they won’t debank

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JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan visited Capitol Hill on Thursday morning to meet with GOP Senators on the controversial topic of de-Cunking.

Dimon and Moynihan, along with Capital One CEOs, Truist, Wells Fargo, PNC and US Bancorp, meet with Republicans on the Senate Banking Committee to discuss de-emerging, an issue that conservatives are disproportionately targeting. I will.

Asked by Fox Business if Bank of America had ever criticized its clients after the meeting, Moynihan said, “We have 70 million customers, so we’re happy to serve everyone. .” I replied.

CEO of a major bank to meet lawmakers on debanking solutions

After President Donald Trump criticized Moynihan in a remote location to the World Economic Forum in Davos, Switzerland last month, President Donald Trump claimed that US Bank and JPMorgan Chase were restricting banks. It emerged as a hot button issue after President Donald Trump criticized Moynihan. Access to conservatives.

“They don’t take away any conservative business, and I don’t know if the regulators will order it for Biden or whatever, but you, Jamie (Dimmon) and everyone, you’re doing it, because you’re doing it. I hope you open your bank to conservatives wrong.”

When asked about a specific allegation by Trump, Moynihan declined to comment and said, “You’ll have to talk to him about it,” and he won’t meet with Trump when he visits Washington. He added.

Another major participant in the meeting, Dimon, had more to say about the issue, saying the meeting was “good.”

“I think it’s really good that people are sitting down and talking about how we can make the country better,” Dimon told Fox Business about Roundtable.

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When asked if Jpmorgan had ever been particularly engaged in the practice of stripping out due to political beliefs, Dimon said that would not happen.

“We don’t blame people for political or religious affiliation, but there are a lot of things that can be fixed. We need to fix them. The rules and requirements are very troublesome and it’s It will leave people out. Longtime JPMorgan CEOs should not be taken away from their opinions.”

Dimon was asked in the tracking whether he was accusing the issue primarily of leaving bank regulators.

The visit from bank executives comes as new Senate bank chair Tim Scott (Rs.C.) prioritizes transparency surrounding Dabaking.

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Certainly, Scott was heading the Senate Banking Committee, which heard hearings from eyewitnesses last week.

Scott called Thursday’s roundtable “constructive,” saying in a statement Congress “needs to right-size the burden on the Biden administration and the impact of arbitrary regulations.”

“American departures should be relevant to everyone, regardless of industry or political affiliation. “My message is clear. There are no regulators or financial institutions, but they go beyond the principles of fairness and market access. It’s there.”