Donald Trump Sues JPMorgan Chase for $5 Billion Over Alleged Political Retaliation
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News18•23-01-2026, 08:13
Donald Trump Sues JPMorgan Chase for $5 Billion Over Alleged Political Retaliation
- •Former US President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon in a Florida court.
- •Trump alleges that the bank closed his and his companies' accounts in 2021 due to political retaliation, blacklisting him and his family.
- •The lawsuit claims Jamie Dimon personally authorized the account closures, leading other banks to refuse business with Trump.
- •JPMorgan Chase has rejected the allegations, stating the lawsuit is baseless and accounts are not closed on political grounds, but due to 'legal or regulatory risk'.
- •This lawsuit is part of a series of legal actions by Trump against critics, following Dimon's criticism of Trump's credit card interest rate cap proposal.
Why It Matters: Donald Trump is suing JPMorgan Chase for $5 billion, alleging political retaliation for closing his bank accounts.
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