Trump sued the nation’s largest bank and its famous CEO for allegations of political debanking.
President Donald Trump is taking America’s biggest bank and its CEO to court.
Trump is suing JPMorgan and its CEO, Jamie Dimon, for at least $5 billion over claims of politically motivated debanking on Thursday, making good on his threats from a Truth Social post over the weekend. In a complaint filed in Miami-Dade County state court, Trump accused JPMorgan of trade libel and violating Florida’s Unfair and Deceptive Trade Practices Act.
In a Truth Social post over the weekend, Trump said that he planned to sue JPMorgan for « incorrectly and inappropriately DEBANKING me after the January 6th Protest. »
Representatives for JPMorgan did not immediately respond to a request for comment. In August, the bank said in a statement to Reuters that it does not close accounts for political reasons.Inside the debanking claims
The lawsuit claims that JPMorgan caused Trump and his family financial and reputation harm when it unlawfully « debanked » them shortly after Trump left the White House in January 2021.
