Trump Sues JPMorgan for $5 Billion Over Debanking Claims
Source: Bloomberg
January 22, 2026 at 12:22 PM EST
Updated on January 22, 2026 at 1:12 PM EST
President Donald Trump sued JPMorgan Chase & Co. and its chief executive officer, Jamie Dimon, for at least $5 billion over allegations that the lender stopped offering him and his businesses banking services for political reasons. The complaint, filed Thursday, accuses the bank of trade libel and breach of implied covenant of good faith. It also claims Dimon violated Floridas deceptive trade practices law. In response, the bank said it doesnt close accounts for political or religious reasons.
Trump has singled out JPMorgan repeatedly in his push to stamp out what he sees as banks refusing to provide financial services to customers for ideological reasons. JPMorgan closed accounts for Trump and his businesses about seven weeks after the Jan. 6, 2021, assault on the US Capitol by his supporters. Trump was out of office then and his political standing was low.
JPMorgan, the biggest US bank, notified Trump, without warning or provocation that it was terminating the companys accounts, causing significant financial and reputational harm, according to the complaint filed in Miami-Dade County state court. Bloomberg reviewed the complaint, which couldnt immediately be found in court records.
The bank was motivated by its woke beliefs that it needed to distance itself from President Trump and his conservative political views, according to the complaint. In essence, JPMC debanked plaintiffs accounts because it believed that the political tide at the moment favored doing so. JPMorgan said in a statement that the suit has no merit.
Read more: https://www.bloomberg.com/news/articles/2026-01-22/trump-sues-jpmorgan-dimon-for-5-billion-over-alleged-debanking
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Lovie777
(22,027 posts)I'm sick and tire of this man.
Attilatheblond
(8,396 posts)in hopes he wouldn't hurt them. Wonder how that's working out for them now that they likely spend resources with his endless and worthless law suits.
GreenWave
(12,407 posts)Prairie Gates
(7,347 posts)Of course, if they had any gumption, they would absolutely go to the mattresses over this, but we've seen that even the "Masters of the Universe" capitalists are inveterate cowards who cave to mafia extortion at every turn.
There has to be a Constitutional amendment preventing the Executive from filing civil lawsuits while in office. It's such a transparent shakedown that one cannot believe it was only prevented by norms of conduct and not statute.
thought crime
(1,311 posts)lonely bird
(2,796 posts)I hope they counter-sue for $10 Billion. They are under no compulsion to do any business with him. Add in the fraud and they were acting in a responsible manner.
Javaman
(65,249 posts)Historic NY
(39,725 posts)TexasBushwhacker
(21,109 posts)Trueblue Texan
(4,230 posts)why didn't TSF sue back when it happened?
Bengus81
(9,902 posts)But hey...go for it. They'll go to court and introduce Epstein files as their reason for tossing you aside.
FakeNoose
(40,419 posts)BUT Chase also has the goods - at least some of the goods - on Epstein because they let his cash transactions slide for years without writing a single SAR. Banks are supposed to write up Suspicious Activity Reports for any cash transaction over $10 grand. It's assumed those cash deals are likely to be illegal or at least questionable. Banks are required to report them, and Chase never did report any of Epstein's activities for over 10 years.
Then suddenly Epstein got arrested in 2019 and - whoopsie - we have all these SAR's that never got submitted. Here you go Uncle Sam! There's no way to know how many of those SAR's involved transactions with Chump, unless they get released. Like maybe, as evidence in a trial.
turbinetree
(27,067 posts)because he is criminal....................but you gave him immunity................doesn't it give you that warm fuzzy feeling..............on your "unitary federalist" bullshit.................... .he gets his depends all twisted up in knots and just sues...
Buddyzbuddy
(2,217 posts)Chase demands discovery into the Felon, case is dropped, story is over. NOISE
EPSTEIN FILES
twodogsbarking
(17,696 posts)JCMach1
(29,116 posts)Just more BS harassment.
azureblue
(2,692 posts)Another empty threat. Trump always withdraws when the subject of deposition comes up.
Callie1979
(1,186 posts)Until he's out of office.
Figarosmom
(10,002 posts)Drag his finances to the surface? Wouldn't Chase have to show his accounts were closed because they were insolvent or bad risk? I'm sure his accounts were a mess and it would be easy for Chase to show the dumped him for more than political reasons merely because he always was overextended and didn't pay his bills.
Pas-de-Calais
(10,259 posts)popsdenver
(1,722 posts)About half the time, when I try to get on DU, I get this message:
Even when I can get the opening DU page, about half the time I get the same message when I punch on an article..
Any ideas, or who/how I can contact DU about this???
Hell, I don't even understand their message
Bad Request
Your browser sent a request that this server could not understand.
Size of a request header field exceeds server limit.
Enter stage left
(4,325 posts)Mr Trump, have you ever been charged with or convicted of bank fraud or doctoring financial records?
Remember, you're under oath!
BradBo
(953 posts)JohnnyRingo
(20,559 posts)He's president of The United States! He's not supposed to sue companies to line his pockets.
Boo1
(183 posts)call his bluff. Let's roll his financial transactions out to public record and see why JP Morgan dropped him.
no_hypocrisy
(54,462 posts)We might be able to see his tax returns that have been withheld for more than a decade.
no_hypocrisy
(54,462 posts)he plain out stiffed repayment, then I'd say there's a credible track record why they stopped lending him money.
He's acting like the Bank is withholding his money.
Plus, if JPMB lent Trump the money and it was lost, the Bank would be sued by its shareholders.
BumRushDaShow
(166,447 posts)there would be justification.
no_hypocrisy
(54,462 posts)except "You didn't lend me money that I won't pay back because I'm White!"
perdita9
(1,329 posts)Personally, I'm thrilled with Trump causing trouble for these billionaire parasites. He is the monster they created.
SalamanderSleeps
(974 posts)Donald Twerpinphuc wishes he could drink Jamie Dimon's bathwater.
Sad, sad, weird little sociopath.