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BumRushDaShow

(166,447 posts)
Thu Jan 22, 2026, 01:32 PM Yesterday

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 Florida’s deceptive trade practices law. In response, the bank said it doesn’t 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 company’s accounts, causing significant financial and reputational harm, according to the complaint filed in Miami-Dade County state court. Bloomberg reviewed the complaint, which couldn’t 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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Trump Sues JPMorgan for $5 Billion Over Debanking Claims (Original Post) BumRushDaShow Yesterday OP
OK, this needs to end.................... Lovie777 Yesterday #1
Guessing a LOT of big law firms that capulated to Trump's bullying are now regretting offering free legal work Attilatheblond 21 hrs ago #18
Yep. He needs a straight jacket. GreenWave 14 hrs ago #25
JP Morgan and Dimon will throw him some token $75 million to make it go away Prairie Gates Yesterday #2
Yet another way trump is acting as a role model for the next Republican president. thought crime 21 hrs ago #17
While you are probably right lonely bird 20 hrs ago #19
yet another slap suit. hopefully JPM will let this go to discovery. it will then vanish like fart in the wind. nt Javaman Yesterday #3
TRump wasn't president then and he was a bad risk Historic NY Yesterday #4
Exactly TexasBushwhacker Yesterday #5
If this isn't merely abuse of power... Trueblue Texan Yesterday #6
$900B in capitalization....$4 TRILLION in assets. They'll chew you up and spit you out Trump Bengus81 Yesterday #7
They can definitely reveal skeevy transactions, even if they aren't Epstein-related FakeNoose Yesterday #10
Hey US Supreme Court what do you think now you six lackey........... what do you think of this guy blackmailing everyone turbinetree Yesterday #8
NOISE, NOISE, NOISE! EPSTEIN FILES! Buddyzbuddy Yesterday #9
Delay, delay, delay. Then, delay some more. twodogsbarking Yesterday #11
TACO can't deal with the discovery related to this... JCMach1 Yesterday #12
More Pedo BS azureblue 23 hrs ago #13
If WE can't sue the President then HE shouldn't be able to sue US. Callie1979 22 hrs ago #14
Wouldn't discovery in a case like this Figarosmom 22 hrs ago #15
This case will get kicked to the curb Pas-de-Calais 22 hrs ago #16
Hey BRDS need help popsdenver 20 hrs ago #20
First question in the discovery phase... Enter stage left 20 hrs ago #21
Trumps handlers are using him for their evil intent. BradBo 19 hrs ago #22
What happened to handing over his business to the kids? JohnnyRingo 19 hrs ago #23
He's fishing for a settlement Boo1 19 hrs ago #24
Discovery is a beautiful things. no_hypocrisy 13 hrs ago #27
If JP Morgan lost money in the past with Trump, or no_hypocrisy 13 hrs ago #26
One would think after 6 bankrupticies BumRushDaShow 13 hrs ago #28
Trump pulled every excuse out of his ass to sue JP Morgan, no_hypocrisy 12 hrs ago #29
Dance with the Devil and you're going to get scorched! perdita9 11 hrs ago #30
Jamie Dimon is a "real" member of Cafe Society. SalamanderSleeps 11 hrs ago #31

Attilatheblond

(8,396 posts)
18. Guessing a LOT of big law firms that capulated to Trump's bullying are now regretting offering free legal work
Thu Jan 22, 2026, 09:40 PM
21 hrs ago

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.

Prairie Gates

(7,347 posts)
2. JP Morgan and Dimon will throw him some token $75 million to make it go away
Thu Jan 22, 2026, 01:36 PM
Yesterday

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.

lonely bird

(2,796 posts)
19. While you are probably right
Thu Jan 22, 2026, 10:08 PM
20 hrs ago

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)
3. yet another slap suit. hopefully JPM will let this go to discovery. it will then vanish like fart in the wind. nt
Thu Jan 22, 2026, 01:45 PM
Yesterday

Bengus81

(9,902 posts)
7. $900B in capitalization....$4 TRILLION in assets. They'll chew you up and spit you out Trump
Thu Jan 22, 2026, 01:58 PM
Yesterday

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)
10. They can definitely reveal skeevy transactions, even if they aren't Epstein-related
Thu Jan 22, 2026, 02:58 PM
Yesterday

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)
8. Hey US Supreme Court what do you think now you six lackey........... what do you think of this guy blackmailing everyone
Thu Jan 22, 2026, 02:04 PM
Yesterday

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)
9. NOISE, NOISE, NOISE! EPSTEIN FILES!
Thu Jan 22, 2026, 02:12 PM
Yesterday

Chase demands discovery into the Felon, case is dropped, story is over. NOISE

EPSTEIN FILES

azureblue

(2,692 posts)
13. More Pedo BS
Thu Jan 22, 2026, 07:22 PM
23 hrs ago

Another empty threat. Trump always withdraws when the subject of deposition comes up.

Callie1979

(1,186 posts)
14. If WE can't sue the President then HE shouldn't be able to sue US.
Thu Jan 22, 2026, 08:01 PM
22 hrs ago

Until he's out of office.

Figarosmom

(10,002 posts)
15. Wouldn't discovery in a case like this
Thu Jan 22, 2026, 08:17 PM
22 hrs ago

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.

popsdenver

(1,722 posts)
20. Hey BRDS need help
Thu Jan 22, 2026, 10:14 PM
20 hrs ago

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)
21. First question in the discovery phase...
Thu Jan 22, 2026, 10:49 PM
20 hrs ago

Mr Trump, have you ever been charged with or convicted of bank fraud or doctoring financial records?

Remember, you're under oath!

JohnnyRingo

(20,559 posts)
23. What happened to handing over his business to the kids?
Thu Jan 22, 2026, 11:15 PM
19 hrs ago

He's president of The United States! He's not supposed to sue companies to line his pockets.

Boo1

(183 posts)
24. He's fishing for a settlement
Thu Jan 22, 2026, 11:25 PM
19 hrs ago

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)
27. Discovery is a beautiful things.
Fri Jan 23, 2026, 05:28 AM
13 hrs ago

We might be able to see his tax returns that have been withheld for more than a decade.

no_hypocrisy

(54,462 posts)
26. If JP Morgan lost money in the past with Trump, or
Fri Jan 23, 2026, 05:27 AM
13 hrs ago

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.

no_hypocrisy

(54,462 posts)
29. Trump pulled every excuse out of his ass to sue JP Morgan,
Fri Jan 23, 2026, 05:49 AM
13 hrs ago

except "You didn't lend me money that I won't pay back because I'm White!"

perdita9

(1,329 posts)
30. Dance with the Devil and you're going to get scorched!
Fri Jan 23, 2026, 06:55 AM
11 hrs ago

Personally, I'm thrilled with Trump causing trouble for these billionaire parasites. He is the monster they created.

SalamanderSleeps

(974 posts)
31. Jamie Dimon is a "real" member of Cafe Society.
Fri Jan 23, 2026, 07:04 AM
11 hrs ago

Donald Twerpinphuc wishes he could drink Jamie Dimon's bathwater.

Sad, sad, weird little sociopath.

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