Escalation: DOJ Subpoenas Major Banks in Probe

On June 10, 2026, the U.S. Department of Justice issued subpoenas to major banks over alleged politically motivated account closures, according to the New York Post and MSN.

Banks named in the subpoenas include JPMorgan Chase, Bank of America, and Wells Fargo, the New York Post reports; MSN describes the recipients as "major banks" but does not list firms.

MSN says the probe examines whether banks closed accounts for political reasons and notes it follows former President Donald Trump’s 2025 executive order against "political debanking"; the New York Post also centers the inquiry on alleged "debanking."

The New York Post characterizes the matter as a criminal probe, while MSN does not specify the case type, and neither outlet reports any charges filed or a timetable for next steps.

AI-synthesized from multiple reported sources