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Forbes - Business

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Prosecutors Investigate Alleged ‘Debanking’ At Big Banks—...
Zachary Folk · 2026-06-11 · via Forbes - Business

Topline

Jeanine 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 Images

Key Facts

Investigators 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.

Trump previously signed an executive order last August instructing regulators to examine if banks violated the Equal Credit Opportunity Act, and the Treasury Department’s Office of the Comptroller of the Currency is conducting a probe of the allegations.

However, sources told the Journal that Pirro’s office was conducting its own probe and did not receive a referral from the Treasury Department office.

An official investigation has not been announced as of Wednesday afternoon, and Pirro’s office did not immediately return a request for comment from Forbes.

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