JPMorgan hints at why it shut down Trump’s bank accounts after $5B lawsuit. Is ‘debanking’ against the law in America?

Financial giant JPMorgan Chase has found itself on a long list of organizations that are being sued by President Donald Trump. The lawsuit, filed on Jan. 22 in a Florida state court, alleges the bank debanked him and his affiliated business entities by closing accounts in 2021 for politically motivated reasons, according to a report by Reuters (1). Must Read The firm was quick to respond, stating, in part, “we believe the suit has no merit … Our company does not close accounts for political or religiou ...