Prosecutors Subpoena Big Banks—Including JP Morgan—For Alleged ‘Debanking,’ Report Says

BreakingBusinessBreaking NewsProsecutors Subpoena Big Banks—Including JP Morgan—For Alleged ‘Debanking,’ Report SaysByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorJun 10, 2026, 02:43pm EDTToplineJeanine Pirro, the U.S. Attorney for the District of Columbia, is investigating several major banks for allegedly “debanking” customers for political reasons, the Wall Street Journal reported—following up on one of President Donald Trump’s major complaints after his 2020 election loss.U.S. Attorney Jeanine Pirro reportedly sent subpoenas to JPMorgan and Bank of America on Wednesday.Getty ImagesKey FactsInvestigators have reportedly sent subpoenas to several major banks, including Bank of America and JPMorgan Chase—one of the banks Trump is suing for closing his accounts following the Jan. 6 Capitol riots.This is a breaking story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video