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Posted on 01/22/2026 10:31:05 AM PST by DFG
Donald Trump filed a $5 billion lawsuit against JPMorgan Chase on Thursday.
The president is accusing the financial institution and its CEO Jamie Dimon of de-banking him for political reasons.
Trump's attorney Alejandro Brito filed in Florida state court in Miami on behalf of the president and his hospitality companies.
The filing alleges that on February 19, 2021, the bank 'without warning or provocation' notified Trump and his entities that multiple bank accounts they owned and used 'would be closed just two months later, on April 19, 2021.'
Brito said the president is 'confident that JPMC's unilateral decision came about as a result of political and social motivations, and JPMC's unsubstantiated, 'woke' beliefs that it needed to distance itself from President Trump and his conservative political views.'
In a statement to the Daily Mail on the lawsuit, a spokesperson for JPMorgan Chase insisted that the institution 'does not close accounts for political or religious reasons.'
'We do close accounts because they create legal or regulatory risk for the company,' the spokesperson clarified. 'We regret having to do so but often rules and regulatory expectations lead us to do so.'
'While we regret President Trump has sued us, we believe the suit has no merit. We respect the President's right to sue us and our right to defend ourselves - that's what courts are for.'
The lawsuit claims that JPMC did not give the plaintiff any 'warning or remedy' before deciding to close the accounts.
Trump had been a customer of JPMorgan for decades, according to the lawsuit and 'transacted hundreds of millions of dollars' through their bank over the years, the filing states.
(Excerpt) Read more at dailymail.co.uk ...
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Hopefully they did a good job judge shopping since that seems to be the way to go. It is in Florida so that is good
JPM stock is down 5% over the last month so maybe it’s already hurting them
Godspeed. Debanking could destroy this country.
Just looked - JPM stock up 1% on news of the suit.
Au contrarian.
if the bankers can debank PDJT with all his $$$$$$$$$$, then the bankers can debank each and every one of us
Trump still has 34 felony convictions that haven’t magically disappeared. They are all fraud related, and there’s not a bank chartered anywhere that will accept the liability of providing services to a convicted fraud felon.
If you question this, read the charter of your own bank or financial institution. It’ll be in there, because banks have a fiduciary obligation to their depositors and shareholders.
Donald Trump was convicted in New York on May 30, 2024. The suit claims JPM Chase notified him in Feb, 2021 and closed account in April 2021. So you believe they knew of the 34 “fraud” convictions 3 years in advance? Try better next time troll, that was really weak.
G-o-o-d catch———Trump was convicted in NY May 30, 2024.
His lawsuit claims JPM Chase notified him in Feb 2021 and closed his account April 2021.
So we’d have to believe the bank “knew” of the 34 fraud convictions...... 3 years in advance.
If you question this, read the charter of your own bank or financial institution. It’ll be in there, because banks have a fiduciary obligation to their depositors and shareholders.
Lies, lies, lies. Those charges were misdemeanors that had gone past the statute of limitations and were not even personally committed by President Trump. More over the computer software the accountant used lacked specificity to book the misdemeanors to the satisfaction of the court.
It was a kangaroo court to play gotcha on Donald Trump.
Did he suffer $5 billion of harm?
$1 billion?
The existing discrimination laws cover race, gender, religion etc. As far as I know there is no clause that protects a political belief.
Anyone here know how to make this work?
Trump better get his head around the fact that JP Morgan holds a substantial amount of US debt.
This article does not cite discrimination as the cause of debanking. In fact, it does not cite any legal basis for the lawsuit at all, that I see.
Guaranteed. There are many 2021 emails in Chase at all levels that are related to this. Who has access to those emails?
100 bucks that the bank was threatened by the Biden (Obama) goons
I don’t get it. Are banks in the US obliged by law to accept you as customer? Do they need a reason to close your accounts? What is “debanking”? It’s not as if there aren’t lots and lots of other banks. Nobody needs JP Morgan.
‘We do close accounts because they create legal or regulatory risk for the company,’ the spokesperson clarified. ‘We regret having to do so but often rules and regulatory expectations lead us to do so.’
I’d rather he mass deport illegals.
Indeed it’s round up time for fraud operators.
I doubt it. Money center banks had a good run last year but have been a bit soggy of late due to interest rate uncertainty.
I don’t own JPM, but it’s performed pretty much in line with Citigroup (C), which I do own. Like Citi, it’s doubled from its 2025 lows.
(By the way, this lawsuit must be a joke. I’d be surprised if President Trump can show $5000 in damages, much less $5 billion.)
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