The U.S. Attorney's Office in Washington, D.C., under Jeanine Pirro, has issued subpoenas to major banks like JPMorgan and Bank of America as part of an investigation into allegations of 'debanking.' This involves the improper closing of customer accounts based on political reasons, particularly targeting claims that banks discriminated against conservative clients and politically controversial industries, including those linked to former President Trump.

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https://www.wsj.com/finance/regulation/jeanine-pirros-prosecutors-probe-big-banks-for-alleged-debanking-13568e9b

Jeanine Pirro’s Prosecutors Probe Big Banks for Alleged ‘Debanking’

The U.S. Attorney’s Office in D.C. subpoenaed JPMorgan, Bank of America and others as part of a probe into alleged debanking

Dylan Tokar

and

Gina Heeb

June 10, 2026 1:51 pm ET

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(2 min)

US Attorney for DC Jeanine Pirro speaking at a Department of Justice press conference. U.S. Attorney for D.C. Jeanine PirroWill Oliver/EPA/Shutterstock

The Justice Department has sent far-ranging subpoenas to several of America’s largest banks including JPMorgan Chase JPM-1.14%decrease; down pointing triangle and Bank of America BAC0.22%increase; up pointing triangle, requesting information about whether they “debanked” clients, or improperly closed customer accounts for political reasons, according to people familiar with the matter.

The subpoenas from the U.S. Attorney’s Office in Washington, D.C., headed by Jeanine Pirro, escalate a campaign by President Trump to root out evidence that banks allegedly discriminated against conservatives and politically controversial industries, including his own family.