Trump sues Jamie Dimon, JPMorgan Chase over debanking
JP MORGAN CHASEJP MORGAN CHASE(US:JPM) CNBC·2026-01-22 17:45

Core Viewpoint - President Donald Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon for closing his accounts after decades of banking with them, which the lawsuit claims was politically motivated [1][2] Group 1: Lawsuit Details - The lawsuit was filed in state court in Miami-Dade County, Florida, alleging that JPMorgan Chase's decision to close the accounts was influenced by political and social motivations [2] - Plaintiffs assert that JPMorgan Chase's actions were based on a desire to distance itself from President Trump's conservative views, labeling the bank's beliefs as 'woke' [2] Group 2: Context of Account Closures - The account closures occurred shortly after the January 6, 2021, riot at the U.S. Capitol and following Trump's exit from the White House after losing the election to Joe Biden [1]

JP MORGAN CHASE-Trump sues Jamie Dimon, JPMorgan Chase over debanking - Reportify