President Trump filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank closed his and his affiliated accounts for political reasons. The lawsuit claims JPMorgan violated its code of conduct, published Trump and his companies on a “blacklist,” and caused financial and reputational harm, describing the actions as part of a broader trend of “political debanking.”
Trump’s team seeks a jury trial, citing trade libel, unfair trade practices, and breach of good faith. JPMorgan and Dimon deny closing accounts over political views, citing regulatory requirements as the cause.