US EditionTrump Sues JPMorgan, Jamie Dimon for $5 Billion Over Alleged 'Political' Debanking
Trump alleges JPMorgan closed his accounts in early 2021 due to political bias, causing financial and reputational harm, and seeks $5 billion in damages.
- On Jan 22, 2026, President Donald Trump filed a $5 billion lawsuit in Miami‑Dade County state court against JPMorgan Chase and CEO Jamie Dimon, alleging political debanking after he left office.
- Weeks after Jan. 6, 2021, the complaint says JPMorgan notified Trump on Feb. 19, 2021 that several accounts of the Trump Organization and affiliated hospitality companies would close with 60 days' notice.
- The complaint alleges libel, deceptive trade practices and breach of implied covenant, and Trump's lawyers say JPMorgan caused financial losses and reputational harm by forcing the Trump Organization to open accounts elsewhere.
- The bank said it does not close accounts for political reasons and believes the suit has no merit, vowing to defend itself in court.
- The filing arrives amid OCC scrutiny of debanking, with an OCC preliminary report finding early evidence involving nine major banks and follows Trump's executive actions on debanking.
348 Articles
348 Articles
Trump sues JPMorgan for $5B over ‘debanking’
What happenedPresident Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO, Jamie Dimon, accusing the banking giant of abruptly closing his accounts for “political” reasons after the Jan. 6, 2021, Capitol riot. The lawsuit, filed in Florida state court in Miami, alleges that JP Morgan “debanked” Trump and his businesses after his first term “because it believed that the political tide at the moment favored doin…
US President Donald Trump sued JP Morgan and Jamie Dimon for five billion dollars. The lawsuit concerns slander and violation of duties. JP Morgan rejected the allegations.
One News Page
UpstractWhy JPMorgan Chase became a top Trump target
President Trump on Thursday sued JPMorgan Chase and its CEO Jamie Dimon, the latest jab in the president's hot-and-cold relationship with the largest bank in the U.S. and the man who runs it. The big picture: Trump has maintained a relatively cordial relationship with Dimon during his second…
Donald Trump sued the Grand Bank JP Morgan and its chief Jamie Dimon for damages. Background is the closure of Trump's accounts after the storm of his supporters on the US Capitol. By Angela Göpfert.[more]]>
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