Trump sues JPMorgan, Dimon for $5 billion over alleged debanking

January 23, 2026

Former President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank terminated his business accounts for political reasons. The complaint accuses the lender of trade libel and violating Florida’s deceptive trade practices law. JPMorgan stated it closes accounts due to legal or regulatory risk, not political or religious beliefs.

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