Trump blasts Dimon, threatens to sue JPMorgan over debanking

Core Viewpoint - President Donald Trump is threatening to sue JPMorgan Chase & Co. over claims of being debanked following the January 6, 2021, Capitol riot, which he alleges was discriminatory behavior by the bank [1][2][3]. Group 1: Trump's Allegations and Legal Actions - Trump claims that JPMorgan Chase discriminated against him by asking him to close long-held accounts, linking this action to the Capitol riot [3]. - He announced intentions to sue JPMorgan Chase for what he describes as incorrect and inappropriate debanking [2]. - The bank is reportedly facing reviews and investigations related to its actions during the Trump administration concerning debanking [3]. Group 2: Jamie Dimon's Responses and Statements - Jamie Dimon, CEO of JPMorgan Chase, has publicly stated he would not consider the role of Federal Reserve chair, emphasizing a firm "no" to the idea [4]. - Dimon has previously defended the bank against accusations of biased customer decisions, asserting that the bank does not debank individuals based on their political or religious affiliations [6]. - Dimon expressed concerns about undermining the independence of the Federal Reserve, warning that it could lead to higher inflation and interest rates [5].