<p>特朗普对摩根大通的诉讼突显了与华尔街银行的政治冲突</p>
<p>银行面临不可预测的政策环境，影响声誉和倡导工作</p>
<p>尽管存在冲突，行业仍期待资本减免和监管变化以提升利润</p>
<p>作者：Lananh Nguyen, Manya Saini 和 Douglas Gillison</p>
<p>纽约/华盛顿，1 月 25 日（路透社）——美国总统唐纳德·特朗普对摩根大通（JPM.N）及其首席执行官杰米·戴蒙的诉讼突显了政府在华尔街政策议程中日益加剧的政治冲突，尽管大型银行取得了一些胜利，但也面临挫折。</p>
<p>在他对华尔街的最强硬举措中，特朗普于周四提起了一项 50 亿美元的</p>
<p>诉讼，</p>
<p>指控美国最大的贷款机构及戴蒙出于政治原因关闭了他和他公司的一些账户。特朗普长期以来声称，华尔街</p>
<p>银行试图边缘化他和其他保守派——摩根大通和其他银行对此予以否认。</p>
<p>这一举动凸显了大型金融机构在特朗普广泛的放松监管议程中本应成为主要受益者，但它们正越来越多地在一个不可预测且有时敌对的政策环境中航行，这可能损害它们的声誉，影响其业务，并迫使它们重新考虑在华盛顿的游说策略。</p>
<p>“在重大问题上，行业赢得的战斗与失去的战斗几乎相当，持续的压力和发展变化的随机性正在造成影响，” 哥伦比亚大学高级研究员托德·贝克尔说。</p>
<p>总统的诉讼是在他威胁将消费者信用卡利率上限设定为 10% 之后提出的——戴蒙警告称这将是 “经济灾难”——并且正值特朗普的监管机构正试图让金融科技、加密公司和一些企业能够直接与传统银行竞争。</p>
<p>“特朗普政府通过巩固金融市场和削减不必要的繁文缛节来加速增长，” 白宫发言人库什·德赛说。</p>
<p>摩根大通拒绝对此发表评论。周四，该行表示：“我们认为这项诉讼没有依据。我们尊重总统起诉我们的权利，也有权为自己辩护……摩根大通不会出于政治或宗教原因关闭账户。”</p>
<p>特朗普还针对其他贷款机构。特朗普组织正在起诉信用卡巨头资本一号（COF.N），指控该银行出于政治原因关闭了其账户。</p>
<p>特朗普批评美国银行首席执行官布莱恩·莫伊尼汉，称其在去银行化方面表现不佳，并在 8 月份告诉 CNBC，该银行拒绝为特朗普提供账户。大型银行始终表示，他们不会因政治或其他信仰原因拒绝客户。特朗普去年还攻击了高盛首席执行官大卫·所罗门，指责该行对关税持悲观态度。</p>
<p>美国银行和高盛拒绝对此发表评论。资本一号没有立即提供评论。</p>
<p>“在看到这种反应后，银行可能会更加谨慎，因为他们意识到自己不仅面临监管报复的威胁，还有诉讼，” 华盛顿智库卡托研究所的政策分析师尼古拉斯·安东尼说。</p>
<h3>倡导工作</h3>
<p>华尔街银行扩大了在华盛顿的倡导工作，并雇佣了与白宫关系密切的游说者。根据路透社对披露信息的分析，八大贷款机构在 2025 年第四季度的游说支出增加了近 40%，达到 1200 万美元，较 2024 年同期增长。它们在国会、白宫和其他联邦机构就从信用卡刷卡费到加密立法等问题进行游说。</p>
<p>总部位于华盛顿的金融服务论坛代表这些银行，去年 12 月还启动了美国增长联盟，这是一个非营利组织，表示将花费数千万美元倡导 “常识” 政策以促进经济增长。该论坛和美国增长联盟拒绝对此发表评论。</p>
<p>“最大的疑问是，如何采取必要措施来应对一个在该行业表现出愿意积极且不可预测地干预的政府，” eMarketer 的银行分析师米拉·托马斯说。</p>
<h3>资本减免仍然可期</h3>
<p>可以肯定的是，特朗普政府的监管机构将为大型银行提供巨额资本减免，根据一些估计，这可能释放出多达 2000 亿美元的现金。贷款机构也对监管机构的转变表示欢迎，认为这将改革银行监管，并支持大型合并。</p>
<p>当戴蒙上个月在摩根大通全新的纽约摩天大楼召开金融首席执行官会议时，与会高管对这些变化将释放更多利润持乐观态度，参加活动的人士表示。</p>
<p>“在关注重大重要事务方面，采取了更为理性的方式，” 公民金融首席执行官布鲁斯·范·索恩周三表示，指的是监管。“这是一个令人耳目一新的变化。”</p>
<p>另一位不愿透露姓名的银行首席执行官表示，行业仍然期待锁定资本减免。这些变化继续使银行股票具有吸引力，投资者表示。</p>
<p>“这个案件不太可能对这一点产生太大影响，” 扎克斯投资管理公司的高级客户投资组合经理布赖恩·穆尔伯里说，该公司持有摩根大通的股票。</p>
<p>事实上，在特朗普总统任期内，银行股票的表现与市场保持同步。</p>
<p>然而，特朗普的金融政策波动不定，其中一些政策也受到他在今年国会选举前解决选民生活成本问题的需要驱动，正在使气氛变得沉重。</p>
<p>银行对信用卡提案感到措手不及，此后一直在努力帮助塑造特朗普的可负担性议程。根据三位行业高管的说法，一些高管也对银行在特朗普内圈青睐的金融科技和加密公司面前失去竞争力感到沮丧。</p>
<p>“我认为特朗普对大银行并没有太多好感，” Annex Wealth Management 的首席经济策略师布莱恩·雅各布森说。</p>
<p>在特朗普的第二任期内，银行股与股市保持同步。</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4sQi8xT?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1420" height="954" original-src="https://imageproxy.pbkrs.com/https://reut.rs/4sQi8xT"/></p>
<p>在首席执行官杰米·戴蒙的领导下，摩根大通的股票表现超过了更广泛的市场。</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4jWbYbD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1420" height="908" original-src="https://imageproxy.pbkrs.com/https://reut.rs/4jWbYbD"/></p>
<p>（撰稿及补充报道：米歇尔·普赖斯；补充报道：皮特·施罗德和塔蒂亚娜·鲍特泽；编辑：梅根·戴维斯和黛安·克拉夫特）</p>

金融业 ETF - SPDR

金融业 ETF - Vanguard

美国经纪商&证券交易所 ETF - iShares

摩根大通

金融指数 MSCI ETF - Fidelity

<p>特朗普对摩根大通提起的 50 亿美元诉讼突显了他政府与华尔街银行之间日益加剧的冲突。该诉讼指控摩根大通出于政治原因关闭账户，银行对此予以否认。这一法律行动是在一个政治氛围紧张的环境中进行的，银行面临着可能影响其声誉和游说策略的不可预测政策。尽管面临这些挑战，行业仍然预期资本缓解和监管变化可能会提升利润，银行在华盛顿的游说努力也在增加</p>

<p>Trump’s lawsuit against JPMorgan highlights political conflict with Wall Street banks</p>
<div class="lb-trans"><p>特朗普对摩根大通的诉讼突显了与华尔街银行的政治冲突</p>
</div><p>Banks face unpredictable policy environment, affecting reputation and advocacy efforts</p>
<div class="lb-trans"><p>银行面临不可预测的政策环境，影响声誉和倡导工作</p>
</div><p>Despite conflicts, industry expects capital relief and regulatory changes to boost profits</p>
<div class="lb-trans"><p>尽管存在冲突，行业仍期待资本减免和监管变化以提升利润</p>
</div><p>By Lananh Nguyen, Manya Saini and Douglas Gillison</p>
<div class="lb-trans"><p>作者：Lananh Nguyen, Manya Saini 和 Douglas Gillison</p>
</div><p>NEW YORK/WASHINGTON, Jan 25 (Reuters) - U.S. President Donald Trump’s lawsuit against JPMorgan Chase (JPM.N) and its CEO Jamie Dimon highlights a growing, and politically fraught, conflict in the administration’s policy agenda for Wall Street, with big banks scoring wins but also facing setbacks.</p>
<div class="lb-trans"><p>纽约/华盛顿，1 月 25 日（路透社）——美国总统唐纳德·特朗普对摩根大通（JPM.N）及其首席执行官杰米·戴蒙的诉讼突显了政府在华尔街政策议程中日益加剧的政治冲突，尽管大型银行取得了一些胜利，但也面临挫折。</p>
</div><p>In his most confrontational move yet against Wall Street, Trump filed a $5 billion</p>
<div class="lb-trans"><p>在他对华尔街的最强硬举措中，特朗普于周四提起了一项 50 亿美元的</p>
</div><p>lawsuit on Thursday</p>
<div class="lb-trans"><p>诉讼，</p>
</div><p>accusing the nation’s largest lender and Dimon of closing several of his and his companies’ accounts on political grounds. Trump has</p>
<div class="lb-trans"><p>指控美国最大的贷款机构及戴蒙出于政治原因关闭了他和他公司的一些账户。特朗普长期以来声称，华尔街</p>
</div><p>long claimed that Wall Street</p>
<div class="lb-trans"><p>银行试图边缘化他和其他保守派——摩根大通和其他银行对此予以否认。</p>
</div><p>banks have sought to marginalize him and other conservatives - allegations JPMorgan and other banks deny.</p>
<div class="lb-trans"><p>这一举动凸显了大型金融机构在特朗普广泛的放松监管议程中本应成为主要受益者，但它们正越来越多地在一个不可预测且有时敌对的政策环境中航行，这可能损害它们的声誉，影响其业务，并迫使它们重新考虑在华盛顿的游说策略。</p>
</div><p>The move underscores how large financial institutions, expected to be major winners of Trump’s sweeping deregulatory agenda, are increasingly navigating an unpredictable and sometimes hostile policy environment that could damage their reputations, potentially affect their business, and force them to rethink their lobbying strategy in Washington.</p>
<div class="lb-trans"><p>“在重大问题上，行业赢得的战斗与失去的战斗几乎相当，持续的压力和发展变化的随机性正在造成影响，” 哥伦比亚大学高级研究员托德·贝克尔说。</p>
</div><p>“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,” said Todd Baker, a senior fellow at Columbia University.</p>
<div class="lb-trans"><p>总统的诉讼是在他威胁将消费者信用卡利率上限设定为 10% 之后提出的——戴蒙警告称这将是 “经济灾难”——并且正值特朗普的监管机构正试图让金融科技、加密公司和一些企业能够直接与传统银行竞争。</p>
</div><p>The president’s lawsuit follows his threat to cap interest rates on consumer credit cards at 10% - a proposal Dimon warned would be an “economic disaster” - and comes as Trump’s regulators move to make it easier for fintech, crypto firms and some corporations to compete directly with traditional banks.</p>
<div class="lb-trans"><p>“特朗普政府通过巩固金融市场和削减不必要的繁文缛节来加速增长，” 白宫发言人库什·德赛说。</p>
</div><p>“The Trump administration is delivering by shoring up financial markets and cutting unnecessary red tape to accelerate growth,” White House spokesman Kush Desai said.</p>
<div class="lb-trans"><p>摩根大通拒绝对此发表评论。周四，该行表示：“我们认为这项诉讼没有依据。我们尊重总统起诉我们的权利，也有权为自己辩护……摩根大通不会出于政治或宗教原因关闭账户。”</p>
</div><p>JPMorgan declined to comment. On Thursday, it said “we believe the suit has no merit. We respect the President’s right to sue us and our right to defend ourselves…JPMC does not close accounts for political or religious reasons.”</p>
<div class="lb-trans"><p>特朗普还针对其他贷款机构。特朗普组织正在起诉信用卡巨头资本一号（COF.N），指控该银行出于政治原因关闭了其账户。</p>
</div><p>Trump has also targeted other lenders. The Trump Organization is suing credit card giant Capital One (COF.N) , alleging the bank closed its accounts for political reasons.</p>
<div class="lb-trans"><p>特朗普批评美国银行首席执行官布莱恩·莫伊尼汉，称其在去银行化方面表现不佳，并在 8 月份告诉 CNBC，该银行拒绝为特朗普提供账户。大型银行始终表示，他们不会因政治或其他信仰原因拒绝客户。特朗普去年还攻击了高盛首席执行官大卫·所罗门，指责该行对关税持悲观态度。</p>
</div><p>Trump has criticized Bank of America CEO Brian Moynihan over debanking and told CNBC in August that the bank declined to provide Trump with an account. Large banks have consistently said they do not reject customers on political or other belief-based grounds. Trump also last year attacked Goldman Sachs CEO David Solomon for the bank’s bearish stance on tariffs.</p>
<div class="lb-trans"><p>美国银行和高盛拒绝对此发表评论。资本一号没有立即提供评论。</p>
</div><p>Bank of America and Goldman declined to comment. Capital One did not immediately provide comment.</p>
<div class="lb-trans"><p>“在看到这种反应后，银行可能会更加谨慎，因为他们意识到自己不仅面临监管报复的威胁，还有诉讼，” 华盛顿智库卡托研究所的政策分析师尼古拉斯·安东尼说。</p>
</div><p>“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,” said Nicholas Anthony, a policy analyst at Washington think tank, the Cato Institute.</p>
<div class="lb-trans"><h3>倡导工作</h3>
</div><h3>ADVOCACY EFFORTS</h3>
<div class="lb-trans"><p>华尔街银行扩大了在华盛顿的倡导工作，并雇佣了与白宫关系密切的游说者。根据路透社对披露信息的分析，八大贷款机构在 2025 年第四季度的游说支出增加了近 40%，达到 1200 万美元，较 2024 年同期增长。它们在国会、白宫和其他联邦机构就从信用卡刷卡费到加密立法等问题进行游说。</p>
</div><p>Wall Street banks have expanded their Washington advocacy operations and hired lobbyists close to the White House. The eight biggest lenders boosted their combined lobbying spending by almost 40% to $12 million in the fourth quarter of 2025, compared with the same period in 2024, according to a Reuters analysis of disclosures. They lobbied Congress, the White House and other federal agencies on issues ranging from credit card swipe fees to crypto legislation.</p>
<div class="lb-trans"><p>总部位于华盛顿的金融服务论坛代表这些银行，去年 12 月还启动了美国增长联盟，这是一个非营利组织，表示将花费数千万美元倡导 “常识” 政策以促进经济增长。该论坛和美国增长联盟拒绝对此发表评论。</p>
</div><p>The Washington-based Financial Services Forum, which represents those banks, also in December launched the American Growth Alliance, a non-profit that it said would spend tens of millions of dollars advocating for “commonsense” policies to grow the economy. The Forum and American Growth Alliance declined to comment.</p>
<div class="lb-trans"><p>“最大的疑问是，如何采取必要措施来应对一个在该行业表现出愿意积极且不可预测地干预的政府，” eMarketer 的银行分析师米拉·托马斯说。</p>
</div><p>“The biggest question that remains is what steps will be necessary to navigate an administration that has shown a willingness to intervene aggressively and unpredictably in the sector,” said Myra Thomas, banking analyst at eMarketer.</p>
<div class="lb-trans"><h3>资本减免仍然可期</h3>
</div><h3>CAPITAL WIN STILL EXPECTED</h3>
<div class="lb-trans"><p>可以肯定的是，特朗普政府的监管机构将为大型银行提供巨额资本减免，根据一些估计，这可能释放出多达 2000 亿美元的现金。贷款机构也对监管机构的转变表示欢迎，认为这将改革银行监管，并支持大型合并。</p>
</div><p>To be sure, Trump administration regulators are set to hand big banks massive capital relief, which by some estimates could free up as much as $200 billion of cash. Lenders have also cheered regulators’ shift to overhaul bank supervision, and their support of big mergers.</p>
<div class="lb-trans"><p>当戴蒙上个月在摩根大通全新的纽约摩天大楼召开金融首席执行官会议时，与会高管对这些变化将释放更多利润持乐观态度，参加活动的人士表示。</p>
</div><p>When Dimon convened financial CEOs at a conference at JPMorgan’s brand-new New York skyscraper just last month, executives were optimistic that those changes would unleash more profits, according to a person who attended the event.</p>
<div class="lb-trans"><p>“在关注重大重要事务方面，采取了更为理性的方式，” 公民金融首席执行官布鲁斯·范·索恩周三表示，指的是监管。“这是一个令人耳目一新的变化。”</p>
</div><p>“There’s just a much more rational approach on focusing on the big, important matters,” Citizens Financial CEO Bruce Van Saun said on Wednesday, referring to supervision. “That’s a refreshing change.”</p>
<div class="lb-trans"><p>另一位不愿透露姓名的银行首席执行官表示，行业仍然期待锁定资本减免。这些变化继续使银行股票具有吸引力，投资者表示。</p>
</div><p>The industry still expects to lock in capital relief, said another bank CEO who declined to be identified discussing regulatory issues. Those changes continue to make bank stocks attractive, said investors.</p>
<div class="lb-trans"><p>“这个案件不太可能对这一点产生太大影响，” 扎克斯投资管理公司的高级客户投资组合经理布赖恩·穆尔伯里说，该公司持有摩根大通的股票。</p>
</div><p>“This case is not likely to move that needle much,” said Brian Mulberry, senior client portfolio manager at Zacks Investment Management, which owns JPMorgan shares.</p>
<div class="lb-trans"><p>事实上，在特朗普总统任期内，银行股票的表现与市场保持同步。</p>
</div><p>Indeed, bank shares have kept pace with markets under Trump’s presidency.</p>
<div class="lb-trans"><p>然而，特朗普的金融政策波动不定，其中一些政策也受到他在今年国会选举前解决选民生活成本问题的需要驱动，正在使气氛变得沉重。</p>
</div><p>However, the president’s whipsawing financial policies, some of which are also being driven by his need to address voter cost-of-living concerns ahead of this year’s congressional elections, are souring the mood.</p>
<div class="lb-trans"><p>银行对信用卡提案感到措手不及，此后一直在努力帮助塑造特朗普的可负担性议程。根据三位行业高管的说法，一些高管也对银行在特朗普内圈青睐的金融科技和加密公司面前失去竞争力感到沮丧。</p>
</div><p>Banks were blindsided by the credit card proposal, and have since been trying to help shape Trump’s affordability agenda. Some executives are also frustrated that banks are losing ground to fintechs and crypto firms favored by Trump’s inner circle, according to three industry executives.</p>
<p>“I don’t think Trump has a lot of love for the big banks,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management.</p>
<div class="lb-trans"><p>“我认为特朗普对大银行并没有太多好感，” Annex Wealth Management 的首席经济策略师布莱恩·雅各布森说。</p>
</div><p>Bank shares keep pace with equity markets during Trump’s second term</p>
<div class="lb-trans"><p>在特朗普的第二任期内，银行股与股市保持同步。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4sQi8xT" alt="" original-src="https://reut.rs/4sQi8xT"/></p>
<p>JPMorgan shares outpace broader markets under CEO Jamie Dimon</p>
<div class="lb-trans"><p>在首席执行官杰米·戴蒙的领导下，摩根大通的股票表现超过了更广泛的市场。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4jWbYbD" alt="" original-src="https://reut.rs/4jWbYbD"/></p>
<p>(Writing and additional reporting by Michelle Price; additional reporting by Pete Schroeder and Tatiana Bautzer; editing by Megan Davies and Diane Craft)</p>
<div class="lb-trans"><p>（撰稿及补充报道：米歇尔·普赖斯；补充报道：皮特·施罗德和塔蒂亚娜·鲍特泽；编辑：梅根·戴维斯和黛安·克拉夫特）</p>
</div>

FOCUS-Trump's JPMorgan lawsuit underscores his growing clash with Wall Street

- 特朗普对摩根大通的 50 亿美元诉讼暴露了政治冲突。  
- 银行业面临不可预测的政策环境，影响声誉及运营。  
- 尽管冲突，行业仍期待资本减免和监管变化。

焦点——特朗普对摩根大通的诉讼突显了他与华尔街日益加剧的冲突