Trump Unleashes Fury on JPMorgan, Capital One, Bank of America, and Goldman Sachs in 2026 Blitz

Wall Street's old guard just took a direct hit. The former president's latest broadside against the financial establishment is more than political theater—it's a seismic signal for the future of money.

The Targets Are Telling

JPMorgan. Capital One. Bank of America. Goldman Sachs. This isn't a random list; it's a hit list of traditional finance's most powerful pillars. The attack cuts straight to the heart of centralized control, fee-heavy structures, and the gatekeeping that has defined modern banking.

A Bullish Omen for Digital Assets?

Every critique of legacy finance is an implicit endorsement for its alternative. When trust in traditional custodians erodes, capital seeks new harbors. Decentralized networks, transparent ledgers, and borderless transactions aren't just tech buzzwords—they're the antithesis of everything being criticized.

The Cynical Finance Jab

Let's be real: the big banks will probably just hire more lobbyists and raise another fee to cover the cost. Some things never change.

The Real Takeaway

This isn't about one political figure. It's about mounting, mainstream frustration with a broken system. That frustration is rocket fuel for disruption. While giants scramble for cover, the decentralized ecosystem keeps building—quietly, relentlessly, and without asking for permission.

Trump hits JPMorgan, Capital One, Bank of America, Goldman Sachs

The fight isn’t just with one bank. Trump’s company is also suing Capital One, claiming the bank closed its accounts for political reasons. On top of that, he went after Bank of America’s Brian Moynihan, saying they refused to give him an account. He even blasted Goldman Sachs CEO David Solomon last year for the bank’s view on tariffs.

Back in 2018, Jamie Dimon told a panel he “could beat Trump” in an election because he was “as tough” and “smarter.” He took it back almost immediately. Trump didn’t let it slide. He called Dimon “a poor public speaker and a nervous mess” online. The tension has never really faded. These days, Dimon chooses his words carefully.

In Davos, he said he agreed with some of Trump’s policies, disagreed with others, and stayed quiet when asked why CEOs don’t challenge the president more.

But that didn’t stop him from criticizing Trump’s idea to cap credit card interest rates at 10%. On a call, he said it WOULD hit subprime borrowers “dramatically.” He also warned against launching a criminal probe into Jerome Powell, calling it “not a good idea.” Trump fired back at Dimon. “Jamie Dimon probably wants higher rates. Maybe he makes more money that way,” he told reporters on January 15.

Kush Desai, a White House spokesman, defended the administration’s direction. “The Trump administration is delivering by shoring up financial markets and cutting unnecessary red tape to accelerate growth,” he said.

Banks increase lobbying while waiting for $200B capital boost

Even with lawsuits coming at them, the biggest banks still expect big wins. Federal regulators under Trump are preparing to release up to $200 billion in capital relief.

That means more room to lend, invest, and approve big mergers. The banks are also happy that regulators are loosening up supervision rules.

But behind the scenes, these banks are spending big to protect their turf. In the fourth quarter of 2025, the top eight lenders dropped nearly $12 million on lobbying, a 40% increase from the same time in 2024. They’re sending teams to Congress, the White House, and every major agency that touches banking rules. They want influence over everything from swipe fees to crypto regulation.

They’ve also backed a new group called the American Growth Alliance, set up in December by the Financial Services Forum. The group plans to spend tens of millions pushing for what they call “commonsense” growth policies.

Still, the industry feels under pressure. Todd Baker, a fellow at Columbia University, said, “The industry is losing as many battles as it wins on big issues, and the constant pressure and random nature of developments is taking its toll.”

Nicholas Anthony, from the Cato Institute, added, “Banks probably will be more cautious moving forward after seeing this reaction, seeing that they’re no longer just under threat of regulatory retaliation but also lawsuits.”

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